Revenue at a Lancashire-headquartered listed energy company bounced back during the first half of its current financial year, new figures have confirmed.
Inspired plc has reported a revenue of £32.6m for the six months to June 30, 2021, up compared to the £24.9m it achieved for the same period in 2020.
The company's pre-tax profits went from £952,000 to £935,000 while, on an adjusted basis, they increased from £5.08m to £6m.
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Its adjusted EBITDA also grew from £7.64m to £8.82m.
During the period it completed the acquisitions of Businesswise Solutions and General Energy Management.
Chief executive Mark Dickinson said: "The rebound in the first half results in 2021 reflects the continuing recovery in energy consumption, along with a return to being able to access client premises to deliver energy optimisation services."
"We are pleased by the current execution of the business plans within the Software Solutions and ESG Solutions divisions, which, although at an early stage, are developing strongly and we expect further progress during 2022.
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"As we have transitioned from Inspired Energy PLC to Inspired PLC, we are well positioned to evolve our purpose as we help our clients respond to climate change whilst controlling their costs.
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"Our objective is to evolve into the leading provider of services to help businesses to respond to climate change and meet their net zero targets."
A statement issued to the London Stock Exchange added: "The group made further strategic progress during the first half of the year, with a strengthened platform capable of generating long term growth as its markets continue to recover from the period of reduced energy consumption during the pandemic.
"Trading in the year to date in the core Energy Assurance Services business remains in line with management's expectations and is consistent with the Group's energy consumption assumptions.
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"The Group's Energy Optimisation Services business began to recover in the second quarter after significant disruption was caused by further lockdowns implemented in Q1, resulting in an overall performance for the half year that was in line with management's expectations.
"Demand for optimisation services is continuing to recover in H2 2021 as clients' attention turns to the reopening of premises.
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"Software Solutions and the recently launched ESG Solutions divisions continue to gain traction.
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"The increasing focus of investors and businesses on Net Zero Carbon targets, combined with mandatory requirements for businesses to make ESG disclosures from 2022, provides a favourable backdrop to the strategy for the Inspired ESG division.
"Whilst uncertainties relating to the global pandemic remain and should not be discounted, the board continues to be excited and confident in the longer-term prospects of the group, underpinned by the secular trend towards greater ESG focus and sustainable energy usage.
"The board remains confident of achieving current market expectations, assuming no further significant Covid-19 disruption."