Gentrack signs contract with Npower

Company News

by Kathy Skantzos

Utilities software developer Gentrack (ASX:GTK) has signed a contract with UK-based energy supplier, Npower, to provide its Junifer product to the UK energy sector.

The contract is expected to go live next year and will set Gentrack up to provide meter-to-cash utilities services in the UK.

The company said the agreement is part of an overall transformational programme of work.

Gentrack purchased UK billing and customer information systems firm Junifer Systems in the 2017 financial year.

Gentrack reported a revenue and profit lift of 43 per cent for the 2017 financial year.

Shares in Gentrack (ASX:GTK) closed 2.56 per cent lower to $5.72.

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.