Utilitywise plc Notice of final results (4781T)
October 12 2017 - 8:45AM
UK Regulatory
TIDMUTW
RNS Number : 4781T
Utilitywise plc
12 October 2017
12 October 2017
Utilitywise plc
("Utilitywise" or the "Group")
Notice of final results
Utilitywise, the leading independent utility cost management
consultancy, announces that it expects to announce its full year
results on 21 November 2017.
On 31 July 2017, the Group announced its intention to implement
IFRS 15 (Revenue from Contracts with Customers) one year ahead of
schedule, in accordance with the early-adoption provisions of that
new standard. In addition, the Group confirmed that it would
publish its results for the year to 31 July 2017 under the existing
accounting standard, IAS 18 (Revenue), but would also include a
reconciliation of the results to the equivalent position presented
in accordance with IFRS 15.
As a result of the additional work required to complete this
exercise, along with certain additional detailed work being carried
out in respect of the Group's estimates relating to energy
consumption across its portfolio of energy contracts, the Group's
year-end external audit process is now expected to take longer to
complete than in previous years. Accordingly, it is now expected
that this work will be completed by 20 November 2017, enabling
announcement of the Group's audited results on 21 November
2017.
For further information
Utilitywise plc 0330 303 0233
Brendan Flattery (CEO)
Richard Laker (CFO)
finnCap (NOMAD and broker) 020 7220 0500
Matt Goode / Henrik Persson (Corporate
Finance)
Simon Johnson (Corporate Broking)
Liberum (Joint broker) 020 3100 2000
Robert Morton / Steve Pearce
Redleaf Communications 020 7382 4747
Robin Tozer / Elisabeth Cowell
Utilitywise is a leading independent utility cost management
consultancy, which has established trading relationships with a
number of major UK and European energy suppliers and provides
services to its customers designed to assist them in achieving
better value out of their energy contracts, reduced energy
consumption and lower carbon footprint.
Utilitywise is a UK company quoted on the AIM market of the
London Stock Exchange. For more information, please visit
www.utilitywise.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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