First final results from corporate energy consultancy Utilitywise were comfortably ahead of forecasts, providing evidence of progress towards its goal of profitably consolidating a fragmented market.The AIM-listed company grew profits 81% before tax and acquisition-related costs to £7.0m on turnover up 73% to £24.8m. Chief Executive Geoff Thompson hailed the company's successful first full year as a PLC: "As well as delivering very strong organic growth we have been able to invest and build for the future." Utilitywise, which has relationships with energy suppliers and offers to cut businesses' energy costs by negotiating better rates and managing energy consumption, has used AIM to make three acquisitions in the first year with a mix of cash and paper, adding new products such as water monitoring and also expertise in the larger industrial space via the purchase of Energy Information Centre (EIC) to complement its leading position with small and medium-sized companies (SMEs)."The market in which we operate remains highly fragmented and we have still attracted only a very small percentage of our addressable market. Through our strong relationships with energy supply companies and our ability to identify customers and deliver the optimum solutions, we remain confident in the continued success of the company."With adjusted earnings per share up 46% to 7.9p and £4m cash on the balance sheet at year-end, the board proposed a final dividend of 1.8p per share, making a total payment for the year of 2.6p.Shares in Utilitywise, which were listed on AIM June 2012 at 60p, rose 10.1% to 169.5p at 13:45.OH