13th Jan 2016 08:46
LONDON (Alliance News) - Gas metering services provider Energy Assets Group PLC on Wednesday said its revenue increased in the first nine months of the year, and it looks well positioned to deliver further growth in the full year to the end of March.
Energy Assets said its revenue for the nine months to the end of December rose to GBP31.5 million from GBP25.9 million a year earlier, with its recurring revenue stream increasing to GBP19.3 million from GBP16.8 million.
The company said the final quarter of its financial year also has started well, with strong performances across the business leaving it well positioned to deliver results in line with its expectations.
"The group has continued to deliver strong growth in the period which is significantly ahead of the same period in the prior year," said Chief Executive Phil Bellamy-Lee.
Energy Assets shares were up 5.1% to 510.00 pence early Wednesday, one of the best performers in the FTSE All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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