Meter firm Energy Assets Group reports maiden profit

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The Livingston-based firm said it made a pre-tax profit of £2.9m in the year to the end of March, while revenue increased by 32% to £12.7m.

The profit figure was at the top end of market expectations.

Energy Assets said its business outlook for the current financial year remained “positive”.

The company, which raised £15m in new equity funding on its flotation, said it would continue its main strategy of expanding its market share as a Meter Asset Manager (MAM) within the UK industrial and commercial gas sector.

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