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IN BRIEF: Good Energy swings to loss, plans to resume dividends

Tue, 13th Apr 2021 14:20

Good Energy Group PLC - Wiltshire-based renewable energy supplier - Swings to pretax loss in 2020 of GBP82,000, after GBP1.3 million pretax profit in 2019. Revenue rises 5.1% to GBP130.6 million from GBP124.3 million. Says loss was driven by strategic shift towards long-term low-margin business customers, restructuring costs and write-down of solar site. No dividend, but board intends to resume dividends in 2021.

Current stock price: 215.00 pence

Year-to-date change: up 21%

By Ivan Edwards; ivanedwards@alliancenews.com

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