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Energy provider Yu Group smashes expectations

Shares in gas and electricity supplier soar after outstanding trading update
Thursday 21 Sep 2017 Author: Daniel Coatsworth
Smaller Companies

Independent gas and electricity supplier Yu Group (YU.:AIM) has increased its half year dividend by 33% to 1p and reported a 308% year-on-year hike in revenue to £20.7m for the six months ending 30 June.

The £83m business says revenue for calendar 2018 is now expected to be ‘substantially ahead’ of current expectations, thanks to having already contracted £23.2m worth of sales for that period. Its shares jumped nearly 14% to 523.75p on the news (19 Sep).

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21 Sep 2017

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