Positive results for APR Energy despite delay

US based temporary power supplier APR has reported a full year profit above expectations, and says market demand means 2012 looks set to be equally positive.

Due to what was described as procedural difficulties the company was late in posting its results.

In spite of the hiccup the company was eventually able to report pre-tax profit for the 12 months to the end 2011 rose 91 per cent to $57m on sales 69 per cent higher at $212.8m.

Speaking to City Am, Chief Executive John Campion said, “We have had a good start to 2012 with 284 MW of new contracts won to date, as well as several contract extensions, and we maintain a strong commercial pipeline.

“We are well positioned to capitalise on the substantial market demand for temporary power solutions and are confident that 2012 will be a year of continued growth for APR.”

Rising power demand in developing countries, where supply remains hamstrung by a lack of financing and the time required to install permanent capacity, has pushed up demand for APR’s services.

For more power business news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...