UTW Utilitywise

TIDMUTW

RNS Number : 8480I

Utilitywise plc

31 July 2012

31 July 2012

Utilitywise plc

("Utilitywise" or the "Company")

Trading Update

Utilitywise, a leading independent utility cost management consultancy which was admitted to AIM on 12 June, is pleased to provide a trading update for its financial year ending 31 July 2012.

Revenues for the full year are expected to be broadly in line with market expectations whilst profit before tax is anticipated to be marginally ahead of forecasts. Cash balances at 31 July are expected to be approximately GBP8.1 million.

Trading remains strong and the Company is confident in its ability to deliver continued organic growth, as well as identify suitable earnings enhancing acquisition opportunities.

Utilitywise expects to announce its full year results to 31(st) July, in the second week of October 2012.

For further information:

 
 Utilitywise PLC                          0870 626 0559 
 Geoff Thompson, CEO 
 Adam Thompson, COO 
 Andrew Richardson, CFO 
 
 finnCap (NOMAD and broker)               0207 220 0500 
 Matt Goode / Charlotte Stranner 
  / Henrik Persson (Corporate Finance) 
  Simon Johnson (Corporate Broking) 
 
 Hub Capital Partners Ltd                 020 7535 1710 
 Stephen Bourne 
 
 Newgate Threadneedle                     020 7653 9850 
 Josh Royston /John Coles/ Hilary 
  Millar 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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