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Energy Assets Expects Trading In Line With Its Expectations

Thu, 16th Apr 2015 08:16

LONDON (Alliance News) - Energy Assets Group PLC, a gas metering services company in the UK, Thursday said that it expects to report that trading over its last financial year to be in line with its expectations.

The news comes ahead of plans to publish annual results for the year ended March 31 on June 9.

"Demand for the installation of advanced utility metering and related services remains high and, as a result, Energy Assets continues to experience strong trading and growth," Energy Assets said in a statement.

It said that its owned and managed asset portfolio increased to about 365,000 assets from 163,500 over the financial year.

"The business outlook for 2015/16 remains positive with the extension of industrial and commercial metering, data collection and infrastructure services, across all utilities, providing further growth opportunities for the group," Energy Assets said.

Energy Assets shares were down 3.5% at 460.15 pence on Thursday morning.

By Samuel Agini; samagini@alliancenews.com; @samuelagini