Green energy supplier Good Energy has blamed “Russia's stranglehold on gas supplies to Europe” for a fall in profits in the first half of 2022.
The Wiltshire-headquartered company saw gross profit decrease by 31.1% to £12.2m in the six months to June 2022 - down from £17.7m in the first half of 2021. It also made an underlying loss before tax of £700,000, compared to a profit of £4.8m over the same period last year.
The Chippenham-based company said its losses included £800,000 in relation to its Bristol electric vehicle (EV) charging company Zap-Map. Following a recent funding round, Good Energy said Zap-Map would be deconsolidated from full-year profit before tax figures.
