28th Jan 2015 08:25
LONDON (Alliance News) - Shares in Inspired Energy PLC rose early Wednesday after the company said it expects its 2014 adjusted pretax profit to beat market expectations.
The energy consultant said its pretax profit, excluding restructuring costs, deal fees in relation to acquisitions and amortisation of intangible assets, for the year to December 31 will be slightly ahead of market expectations on the back of a 35% rise in revenue, also ahead of market forecasts.
The company said its corporate arm had a strong year, with order book sales of GBP10 million, up from GBP8.8 million in 2013, meaning its order book rose by 27% at the year-end to GBP14 million.
The group also said its SME arm is performing well following heavy investment in the business in the first half. The division was cash positive in the second half and is expected to show an improvement in profit and cash generation in 2015. SME order book sales rose to GBP3.3 million in the year, up from GBP1.4 million last year.
Inspired will post its full-year results on March 24.
Shares in the company were up 15% to 11.5 pence in early trade, one of the best performers in the AIM All-Share index.
By Sam Unsted; [email protected]; @SamUAtAlliance
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