15th Apr 2014 08:40
LONDON (Alliance News) - Energy Assets Group Tuesday said it continues to experience strong trading and growth across all three of its business divisions and therefore expects trading for its full-year to be in line with the board's expectations.
The gas metering company said its metering portfolio owned and installed increased by 25% to 101,000 assets in its full-year ended March 31 compared with 81,000 the previous year.
The company also said the number of meter points from which data is collected on behalf of its customers also increased by 19% to around 62,500 units from 52,500 units.
Energy Assets added that based on the performance improvements, its business outlook for 2014/15 is looking increasingly positive.
The company said in January that its revenues in the first nine months of the year rose by 41% to GBP17.6 million, including a 45% increase in its recurring revenue figures.
Energy Assets shares were up 3.9% to 333.50 pence Tuesday.
By Tom McIvor; [email protected]; @TomMcIvor1
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