Energy Mad relents, gives numbers for modest 1st-quarter earnings

Thu, 11 Jul 2013

July 12 (BusinessDesk) - Energy Mad, whose shares have jumped more than 20 percent this week since it said first-quarter earnings were ahead of budget without giving details, has now released numbers showing it had only expected to earn $7,000. Unaudited earnings before interest, depreciation and amortisation were $120,000 in the three months ended June 30, of which $95,000 related to year-earlier depreciation and amortisation charges, from a loss of $450,000 in the first quarter last year, the Christchurch-based company said in a statement....

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