Utilitywise plc Trading Statement (2533Z)
February 05 2014 - 2:00AM
UK Regulatory
TIDMUTW
RNS Number : 2533Z
Utilitywise plc
05 February 2014
5 February 2014
Utilitywise plc
("Utilitywise" or the "Company")
Trading Update
Utilitywise plc (AIM:UTW), the leading independent utility cost
management consultancy, today provides an update on trading for the
six months ended 31 January 2014.
The Board is pleased to announce that the Company has performed
slightly ahead of management expectations for both revenue and
adjusted profit before tax in the period. As at 31 January 2014,
the value of contracts secured but not yet live stood at a record
GBP23.8 million from GBP18.2 million as at 30 September 2013 (31
July 2013: GBP16.6 million).
Geoff Thompson, Chief Executive of Utilitywise, commented: "The
Company has performed well in the first half of the year, with a
significant increase in both revenue and adjusted profit before tax
on the previous year. We look forward to the remainder of the year
with confidence".
Notice of Results
Utilitywise will announce interim results for the six months
ended 31 January 2014 on Tuesday, 29th April 2014.
For further information:
Utilitywise plc 0870 626 0559
Geoff Thompson (CEO)
Andrew Richardson (CFO)
finnCap (NOMAD and broker) 020 7220 0500
Matt Goode / Charlotte Stranner / Henrik Persson
(Corporate Finance)
Simon Johnson (Corporate Broking)
Newgate Threadneedle 020 7653 9850
Josh Royston / John Coles / Hilary Millar
About Utilitywise
Utilitywise is a leading independent utility cost management
consultancy based in South Shields, Tyne and Wear with offices in
Portsmouth, Redditch, Leicester and Bury St Edmunds. The company
has established trading relationships with a number of major UK
energy suppliers and provides services to its customers designed to
assist them in achieving better value out of their energy
contracts, reduced energy consumption and lower carbon
footprint.
Businesses large and small rely on Utilitywise for their energy
management needs. Clients range in size from single site SME's to
multinationals with thousands of sites and cover the whole of the
UK. In total, Utilitywise manages over 67,000 energy meters which
have an overall energy consumption of approaching 16 terra watt
hours per annum.
Utilitywise is a UK company quoted on the AIM market of the
London Stock Exchange. For more information, please visit
www.utilitywise.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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