Last checked at 
The renewable energy supplier's pretax profit reduced 64% to
During the year, the company restructured the business to reduce its long term cost base, by simplifying its operating model and upgrading systems and processes, Good Energy said.
Revenue rose 17% to
Administration costs increased 13% to
The company decided to keep its total dividend for the year flat at
As a result, the group's debt rose 1.9% to
Good Energy owns and operates nine renewable energy facilities across the
During the year, Good Energy delivered total output of 87.6GWh, up 8.7% from 80.6GWh the prior year.
The group said in 2018 it is on course to perform in line with market expectations and deliver improved profitability.
Chief Executive Officer & Founder Juliet Davenport said: "Good Energy has delivered another year of robust growth in line with expectations. During 2017, we built and focussed on optimising our future operations in an energy market that is in transition. These are solid results given the tough market conditions in the retail supply market. We have also delivered good growth in the business supply market with some new key accounts."
"Looking ahead, we expect to perform in line with market expectations in 2018 and that our strategic developments will deliver growth in profitability and in value, plus deliver a green dividend yield over the longer term,"
Good Energy shares were down 0.3% at
