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Jersey Electricity ( (GB:JEL) ) has provided an announcement.
Jersey Electricity reported strong financial performance for the year ended 30 September 2024, with an 8.5% rise in revenue to £135.7m and a profit before tax of £15.1m. The company announced a significant investment of £120m over the next five years for network upgrades, reinforcing its commitment to energy transition and sustainability. Despite challenges from geopolitical tensions affecting energy markets, the company maintained steady growth and continues to focus on long-term green energy initiatives, including solar energy projects and resilience programs to ensure supply security.
More about Jersey Electricity
Jersey Electricity is a company involved in providing energy services, primarily focusing on delivering safe, reliable, affordable, and sustainable electricity solutions. The company has played a significant role in Jersey’s energy sector, with initiatives aimed at supporting net-zero ambitions and enhancing supply security.
YTD Price Performance: 9.35%
Average Trading Volume: 2,303
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £134.8M
See more insights into JEL stock on TipRanks’ Stock Analysis page.