Profit before tax at UK renewable energy supplier Good Energy grew over 130% last year leaving the company “well-placed to succeed”.
The company posted profit before tax of £1.7m, up from £0.7m in 2017.
Operating profit last year was £5.9m, rising 8.2% on the previous year’s £5.6m.
Revenue grew 11.9% to £116.9m last year from £104.5m in 2017.
Good Energy founder and chief executive Juliet Davenport (pictured) said: “A period of rapid change is underway in the UK energy market.
“The trends in both the competitive landscape and the continuing renewable energy revolution leave us extremely well-placed to succeed.
“In a year where more than a dozen UK energy suppliers went bankrupt, Good Energy has continued to deliver robust growth and cash generation – putting the business on a firm footing for the future.”