Smart meter services provider Bglobal will make an operating loss in the six months to September 2012.
Smart meter installations did not recover in the first half although there are more positive signs in the second half because the company is Dual Energy’s preferred smart meter partner. Investment in newer products has also hit the interim figures. Bglobal is developing a Smart Pay As You Go software service and starting up a training business. Bsmart Energy Solutions, which is focused on the smaller company market, is also talking to local authorities.
Utiligroup has enabled two more companies to become UK energy suppliers via its ‘Supplier in a Box’ product but these were not completed until after September.
At 11.38p a share, down 2.5p, Bglobal is valued at £12.1m.
Interim figures will be published on 11 December.
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