Energy Mad hails 'turning of the corner' at AGM

Thu, 28 Jul 2016

By Edwin Mitson July 28 (BusinessDesk) - Energy Mad, the energy efficient light-bulb maker, says it made an unaudited operating profit of $348,000 in the first three months of its financial year 2017, hailing a modest "turning of the corner" as it focuses on meeting demand driven by state-supported schemes in Australia. The Christchurch-based company posted an operating loss of $895,000 for its full year 2016 as it restructured its business to focus across the Tasman. That loss was significantly less than the $2.9 million recorded in 201...

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