UK's Good Energy Group gains on strong annual results
28/03/2023 11:39
** Shares of Good Energy Group GOODG.L rise as much as
9.9% to 195p
** British energy firm posts about 11% rise in FY gross
profit to 29.9 mln pounds ($36.8 mln), revenue surges 70.3% to
248.7 mln pounds
** Company, which provides services in the electrification
of transport and decentralised renewable energy generation, says
there is a potential 5-10 bln pound growth market in clean
energy technology installations
** Separately, UK energy regulator Ofgem grants company
limited derogation from some standard licence conditions
** Including session's gains, stock up more than 8% YTD
($1 = 0.8135 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))