Last checked at 2 May 2019 16:02
Good Energy Group PLC
Publication of Annual Report
100% renewable electricity supplier and localised self-generation power service provider, Good Energy Group PLC ("Good Energy" or "the Company"), today announces that its Annual Report and Accounts for the year ended 31 December 2018 has been published online and will shortly be posted to shareholders.
Following the publication of the un-audited preliminary results on 20 March 2019, an amount of £0.6m has been reclassified as continuing profit which was previously disclosed as part of discontinued operations. As a result, continuing profit before tax has increased from £1.7m to £2.3m for the period.
This is an accounting adjustment in respect of Brynwhilach solar farm, for which sale contracts have been exchanged subject to certain conditions that have not yet been fulfilled, and does not change management's view of the underlying financial performance of the business, as disclosed in the preliminary results.
The Annual Report and Accounts is available online at: https://group.goodenergy.co.uk/home/default.aspx
Enquiries:
Good Energy Group PLC Juliet Davenport, Chief Executive Charles Parry, Investor Relations
| Tel: +44 (0)1249 766795 |
Investec Bank plc (Nominated Adviser) Jeremy Ellis Sara Hale Alexander Ruffman
| Tel: +44 (0) 20 7597 5970 |
Walbrook (Financial PR) Paul Cornelius Nick Rome
| Tel: +44 (0) 20 7933 8794
|
Notes to editors:
About Good Energy www.goodenergy.co.uk
Good Energy was founded in 1999 by Juliet Davenport OBE with the ambition to tackle climate change by generating and investing in renewable energy. Its purpose is to power the choice of a cleaner, greener future together with its customers, employees and investors.
Since it started, the company has been supplying clean power, sourced from its own generation assets as well as from independent, UK-based renewable generators. Good Energy also pioneered a more localised approach to energy by supporting home generation, launching the HomeGen scheme in 2004, which became the blueprint for the Feed-in Tariff.
Today, it continues to support and invest in localised energy generation, as the only UK energy company with more home-generation customers than supply. From using digital innovation to help UK households and businesses manage their energy usage more efficiently, to empowering more people to generate, store and share clean power, it is leading the charge towards a cleaner, distributed energy system.