APR Energy disappoints despite 'solid' year

APR Energy, which specialises in the sale of reliable and efficient electricity, said it delivered a 'solid' performance in 2012, returning to an operating profit, fuelled by record contract wins of 569 megawatts (MW) and contract renewals of 724MW.

APR Energy, which specialises in the sale of reliable and efficient electricity, said it delivered a 'solid' performance in 2012, returning to an operating profit, fuelled by record contract wins of 569 megawatts (MW) and contract renewals of 724MW.

Pro forma revenue rose 25% to $265.7m from $212.8m a year earlier, with operating profit up 11% from $60.6m to $67.2m.

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