Energy Mad:
Has seen a continuation of change as it moves to an orthodox board and business structure and improves its business engineering processes.
Operationally has achieved an unaudited operating profit of $348k for the first quarter of FY2017 (Annual FY2016 -$895k) reflecting a modest "turning of the corner" with the expectation that this will continue.
A key element of the virtually complete restructure has been improving the focus of the company in all areas so as to deliver the greatest gains at least cost from the Australian market.
The reorientation of its relationship with respect to its former New Zealand Direct business means that the company seeks to profit from the partnership with My Eco Limited as its focus in New Zealand.
For more detail please refer to the Energy Mad Chairman's Address and the slide presentations filed with the NZX. These are available on the Energy Mad website.
Ends
For more information, contact Chris Mardon, Director of Marketing 021 0412981
Brent Wheeler Chair
Energy Mad Limited published this content on 28 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 July 2016 03:31:01 UTC.
Original documenthttp://www.energymad.com/content/download/557/4875/file/Energy Mad Key Announcements 2016 Annual Meeting.pdf
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