Small UK energy supplier Ovo makes first profit



Ovo Energy, one of the fast-growing independents challenging Britain's "big six" energy suppliers, reported a pre-tax profit for the first time in its seven-year history and said it aimed to reach a million customers within the next two years.
The company, which supplies gas and electricity mainly to households, raised its customer base by 20 percent to 681,000 in the first half of this year, it said in its annual report published on Friday.
Ovo is set to reach the one million customer mark in 2017 or 2018 which would give it a roughly four percent market share, up from 2.7... read more

 
30 September 2016 in Business, Views: 41
Source: Reuters
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