CoreMedia Energy Announces Record Quarter

Chicago, June 15th

CoreMedia Energy today published results for its fiscal year fourth quarter which ended January 25. The Company achieved a quarterly revenue of $75.2 million and a record quarterly net profit of $16.6 million. International sales accounted for 35 percent of the quarter’s revenue.

In recent years, CoreMedia Energy has expanded its business to new regions in Eastern Europe and Asia. Additionally, first partnerships with an international hotel chain have been established in Bahrain and Dubai. These investments have started to pay off, as indicated by the rise of our international sales by 42% compared to the last year.

“Our competitors have long underestimated the market size for serious kitchens in Asia and Arabic countries.” said Brian Fraser, CoreMedia Energy CEO. “We are glad that we took the leap years ago and now have a strong foothold in Asia, together with our strategic and operational partners.” 

About CoreMedia Energy

Since 1999, our more than 125,000 customers have come to know Utilities Corp as their premier provider to find virtually anything needed for the restaurant supply industry. We are committed to delivering expert solutions with the personal attention you deserve.