Just Energy Group Inc Reports A 4% increase In Gross Margin For Q2FY20

November 07, 2019 07:49 PM AEDT | By Team Kalkine Media

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Just Energy Group Inc. has reported strong second-quarter fiscal 2020 results.
The company, despite a reduction of 4 per cent in sales reported gross margin increase of 4 per cent to $155.4 million.
There was an increase of 31 per cent Base EBITDA from continuing operations to $49.1 million than the prior comparable quarter.
For the three months ended September 30, 2019, sales were lower by 4 per cent to $768,440 as compared to $804,309 in the same period of fiscal 2019.
The management has maintained its earlier issued financial year guidance of 2020 Base EBITDA from continuing operations in the range of $180 -$200 million.

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