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17 May 2019 | 09:39

Jersey Electricity profits slip on lower electricity sales

Jersey Electricity reported lower first-half profits on lower sales of electricity. For the six months to 31 March, profit before tax fell £0.4m to £9.3m from a year earlier, and revenue fell 1% to £59.7m, mainly due to a £1.3m decrease in revenue in JEBS, its contracting and business services unit. Revenue in its energy business was broadly flat compared with last year.  Unit sales of electricity fell 3%, from 368m to 357m kWh, compared with last year.

At 9:39am: (LON:JEL) Jersey Electricity Company The Ltd share price was +2p at 460p

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