Jersey Electricity Plc FY19 revenue stood at £110.3 million

  • Dec 20, 2019 GMT
  • Team Kalkine
  Jersey Electricity Plc (LON: JEL) has released the preliminary announcement of annual results for the year ended 30 September 2019.
  • Revenue of the company stood at £110.3 million as compared to £106.6 million in 2018.
  • Profit before tax was reported at £14.8 million, lower as compared to £15.3 million in the previous year.
  • Company’s net debt however reduced to £5.1 million as compared £14.3 million in 2018.
  • On the Ordinary and 'A' Ordinary shares for the year, a final dividend of 9.25 pence was recommended as compared to 8.80 pence in 2018.
  • On 19th December 2019, at the time of writing, GMT 08:06 AM, JEL shares were trading at GBX 453.00, down by 1.00 points or 0.22% against the previous day closing price.

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