Good Energy upbeat after positive half year

Wednesday, 2nd October 2013

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Chief executive Juliet Davenport said the listed group had been encouraged by the company’s performance in the six months to 30 June 2013 after turnover rose from £14.2m to £18.2m.

Good Energy Group was founded in 1999 to lower UK carbon emissions by developing and distributing renewable energy within the UK.

Operating profit rose from £1.12m to £1.41m and pre-tax profit climbed from £796,000 to £1.17m.

It is also proposing an interim dividend of 1p per ordinary share for the period to 30 June 2013.

Davenport said: “Good Energy has performed in line with expectations and we are successfully delivering on our plans.

“Two important highlights include starting construction on Hampole wind farm and reaching the landmark of 100,000 electricity, gas and feed-in tariff customers in September.

“Good Energy is well placed to successfully deliver our strategic goals, underpinned by our commitment to a cleaner, greener and more secure energy future for the UK.”

Chairman John Maltby added: “We expect to maintain customer growth levels and to develop, own and operate more renewable generation capacity going forward.

“Through our investment in our three key business areas of generation, trading and marketing, we are laying solid foundations for the next stage of our development.”


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