Yu Group PLC - UK supplier of gas, electricity and water - Creates a metering services unit to integrate Magnum Utilities. The new metering division is set to launch in the early third quarter of 2022. "The new metering services division will see the development of Yü Group's field engineering capabilities" which aims to speed up the installation of smart metres across the firm's portfolio, it explains. "This will provide Yu Group greater control and accuracy of metering data to improve operational efficiencies," the company adds. "The ability to control a larger part of the value chain and influence predictable outcomes for our customers will drive significant value enhancement - providing us greater control of our customers' energy supply," says Chief Executive Officer Bobby Kalar.
Current stock price: 202.55 pence, down 5.8% on Monday
12-month change: down 28%
By Tom Budszus; tombudszus@alliancenews.com
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Yu Energy (YU.)