Sep 17, 2024 / 08:30AM GMT
Nigel Pocklington - Good Energy Group PLC - Chief Executive Officer, Executive Director
Today, we've announced our interim results and they show a strong profit for the first half of the year. I think it's probably worth unpacking because it compares against a period of abnormal profitability in the first half of 2023, just driven by the energy crisis that will happened last year is the business then swung into loss in the second half as those effects reversed.
And this time we've seen a much more normal, much more stable energy market, which gives us a much more normal pattern to our business so that the half year profit we've announced today is only 23% shy of the full-year profit we hit last year. So that's why the Board has been happy to reiterate guidance on our full year outlook.
There are a couple of other things in the results we should draw people's attention to. We are moving towards reporting our the Services division as a separate segment that will happen for the full year. But we've today been clear that that side of our business is growing. We've been in terms of the
Half Year 2024 Good Energy Group PLC Earnings Call Transcript
3 days ago
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