Jersey Electricity Declares Interim Dividend for the Six Months Ended March 31, 2017, Payable on June 30, 2017; Reports Unaudited Consolidated Earnings Results for the Six Months Ended of March 31, 2017
May 19, 2017 at 02:00 am EDT
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Jersey Electricity plc's directors have declared an interim dividend of 5.80 pence per share net of tax for the six months ended 31 March 2017, against 2016 of 5.50 pence. The dividend will be paid on 30 June 2017 to those shareholders registered in the records of the Company at the close of business on 2 June 2017.
The company reported unaudited consolidated earnings results for the six months ended of March 31, 2017. For the period, the company reported revenue of GBP 58,004,000 compared to GBP 57,036,000 a year ago. Profit from operations before taxation was GBP 8,929,000 compared to GBP 7,926,000 a year ago. Profit from operations after taxation was GBP 7,004,000 compared to GBP 6,353,000 a year ago. Profit for the period/year attributable to the equity holders of the parent company was GBP 7,004,000 compared to GBP 6,353,000 a year ago. Basic and diluted earnings per share were 22.88 pence compared to 20.65 pence a year ago. Net cash flows generated from operating activities was GBP 9,703,000 compared to GBP 10,081,000 a year ago. Purchase of property, plant and equipment was GBP 8,508,000 compared to GBP 11,335,000 a year ago. Net debt was GBP 29.4 million compared to GBP 21.1 million for the same period a year ago.
Jersey Electricity plc is a Jersey-based supplier of electricity in Jersey, serving over 53,000 business and residential customers. The Company's operations include the importation, transmission, distribution, generation and supply of electricity, as well as a range of energy-related services and solutions. The Companyâs businesses include Energy Division, Energy Solutions, Jersey Electricity Building Services (JEBS), Jersey Energy, Jendev, Jersey Deep Freeze, The Powerhouse and Smarter Living, and Property. Its segments include Energy, Building Services, Retail, Property and Other. It is also involved in the generation and distribution of electricity and jointly invests in assets with Guernsey Electricity Limited importing power for both islands. Its Energy Division is responsible for the supply, transmission and distribution of electricity in Jersey. Its property portfolio consists of commercial business units and private dwellings that it rent on the open market.
Jersey Electricity Declares Interim Dividend for the Six Months Ended March 31, 2017, Payable on June 30, 2017; Reports Unaudited Consolidated Earnings Results for the Six Months Ended of March 31, 2017