StockMarketWire.com - Renewable electricity supplier Good Energy reported a rise in half-yearly profit even as revenue growth was held back a fall in domestic customers.

For the six months ended 30 June 2019, pre-tax profit rose 8% to £2.5m as revenue increased 2.8% to £63.5m through increased business supply volume growth, pricing, offset against lower domestic customers, the company said.

The interim dividend was increased by 10% to 1.1p from a year earlier.

'In 2019, profits are expected to be weighted towards the first half of the year, in line with cyclical trends. It is anticipated that the underlying split will not be as exacerbated as 2018, which saw above average seasonal temperatures in both winter and summer and the more sustained increase in commodity prices over the year,' the company said. At 9:49am: [LON:GOOD] Good Energy Group Plc share price was +8p at 155p



Story provided by StockMarketWire.com