- Fulcrum Utilities Services reported Tuesday a 20.3% jump in pre-tax profit in the year to end of March, compared to the prior year, as revenue rose 18.8% amid strong performance from acquisitions.

For 12-months to 31 March, profit before tax rose 20.3% to £7.8m, from $6.5m the previous year supported by a 18.8% leap in revenues to £44.8m.

The firm said 'strong' organic growth seen in the year was driven by the successful acquisitions of Dunamis and CDS.

The sales order book increased 39% to £42.1m, from £30.3m in the prior year.

Adjusted earnings (EBITDA) rose 19.2% to £8.7m, from £7.3m the previous year.

The company also said it intended to become an accredited Meter Operator, supporting its future plans on the installation and adoption of smart meters.

The company recommended a final dividend of 1.4p per share, up from 1.3p per share, taking the full-year dividend to 2.1p per share, up 10.5% from 1.9p.

At 10:09am: [LON:FCRM] Fulcrum Utility Services Ltd share price was +2.3p at 73.8p

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