Energy Mad doubles on string of good US news

Wed, 22 Jan 2014

By Suze Metherell Jan. 22 (BusinessDesk) – Shares in energy efficient light bulb maker Energy Mad have doubled today, touching a two-year high of 68 cents, after a string of positive announcements about the company’s US market growth. Over the past two years the Christchurch based company has suffered a series of setbacks since its IPO in late 2011, consistently missing prospectus forecasts. Last year it wrote off a $2 million tax benefit, compounding its $500,000 loss in the six months to Sept. 2013. The company announced it was selling its...

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