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Energy Assets Group Chairman To Tell Meeting Trading Is Encouraging

Tue, 02nd Sep 2014 08:17

LONDON (Alliance News) - Energy Assets Group PLC's trading in its current financial year is encouraging, Chairman Chris Masters said Tuesday.

In a statement released ahead of the gas metering company's annual general meeting, Masters said the group delivered a "strong" performance in the first quarter, which ended on June 30.

"Growth has continued and, [at the end of] July, the asset portfolio owned and managed was circa 327,000 meter and data assets compared to circa 163,500 as at [the end of] March," Masters said.

"This substantial increase in the asset portfolio incorporates both organic growth and the circa 150,000 managed assets resulting from the acquisition of BGlobal Metering Ltd in April 2014," Master will add.

He is also due to say that integration of BGlobal Metering into the group is progressing well.

Energy Assets Group shares were Tuesday quoted down 1.6% at 395.98 pence.

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