CORRECT: Pulse Energy narrows full-year loss, forecasts positive earnings this year

Mon, 15 Jun 2015

(Corrects year-earlier loss figure in second paragraph) June 15 (BusinessDesk) - Small-scale electricity retailer Pulse Energy narrowed its full-year loss as sales volumes rose, bad debts fell, operating expenses were kept under control, and the company switched banks to arrangements it expects will lower interest costs in the year ahead. The loss was $2.9 million before fair value movements in the year ended March 31, from a loss of $4.8 million the previous year, said the Auckland-based company, which is controlled by Buller Electricity...

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