Energy Mad annual loss narrows as Australian sales surge

Wed, 25 May 2016

By Sophie Boot May 26 (BusinessDesk) - Energy Mad, the energy efficient lightbulb marketer, narrowed its annual loss as Australian sales surged higher. The net loss was $1.3 million in the year ended March 31, from $3.2 million a year earlier, the Christchurch-based company said in a statement. Revenue rose 42 percent to $8.4 million, as Australian sales jumped to $6.2 million from $3.4 million a year earlier, while New Zealand sales edged up 1 percent to $2.2 million. Energy Mad said the Australian growth came from its development of...

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