5th Sep 2013 09:14
LONDON (Alliance News) - Energy Assets Group PLC in a trading update Thursday said it is on course to deliver anticipated levels of growth.
The UK-based energy-metering technology company will say at its upcoming annual general meeting that it has continued to increase sales and profits, putting it on course to reach levels of growth in line with management expectations.
The company said it has added to its metering portfolio by 10% since the end of 2012, to 89,000 assets as of July 31, while it has spread these assets across 28 gas suppliers in the UK.
Energy Assets said it expects to release its results for the six months ending September 30 on November 12.
"The business outlook for 2013/14 remains positive and the Group remains well positioned to take advantage of the opportunities arising from regulatory changes in the UK [industrial and commercial] gas market and the desire of end-user consumers to improve the efficiency of their energy usage," Chairman Chris Masters said in a statement.
Energy Assets shares were up 2.43% at 295.00 pence in early trading Thursday.
By Tom McIvor; [email protected]; @TomMcIvor1
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