LONDON (Alliance News) - Fulcrum Utility Services Ltd Friday said its full year results will be in line with market expectations and said it won a number of contracts in the fourth quarter of the year.
Ahead of its results for the full year due to end on March 30, the independent energy and multi-utilities services provider said it won a GBP197,000 dual fuel infrastructure project to deliver new gas and electricity connections to 13 industrial and commercial units in South Yorkshire.
Fulcrum also won two contracts on a single mixed-use development in East Anglia, with a combined value of GBP346,000 to install new gas mains and services to 127 domestic properties and a GBP375,000 contract to begin in the summer to install gas mains and governors to a new mixed-use site in North London.
Lastly, Fulcrum also secured a GBP253,000 contract for gas infrastructure work to a new 171 plot housing development in Nottinghamshire.
"Fulcrum is pleased to announce that the full year results will be in line with market expectations," said the company in a statement. "Fulcrum is now poised for the next stage in its evolution with a solid platform from which the company can deliver further growth."
Fulcrum shares were up 12.3% to 12.22 pence per share on Friday afternoon.
By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
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