Just Energy Group Inc. Reports Loss in Fiscal Fourth-Quarter


Just Energy Group, Inc. (JE), a natural gas and electricity retailer based in Mississauga, Ontario, reported on Thursday a fiscal fourth-quarter loss of $65.5 million in comparison to the same period last year, which reported a profit. Just Energy Group, Inc. (JE) has reported a loss of 44 cents (¢) per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 15 cents (¢) per share. Just Energy Group, Inc. missed Street forecasts by 18.4 million. For the year, Just Energy Group, Inc. reported a loss of $93.5 million or, 67 cents (¢) per share, swinging to a loss in the period. The company's shares closed at $3.63 in comparison to its previous year-end close at $3.96.

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