Energy Mad shares drop to four-month low after posting wider annual loss

Tue, 27 May 2014

By Tina Morrison May 28 (BusinessDesk) - Shares in Energy Mad were the biggest decliner on the stock exchange today after the energy efficient light bulb marketer more than doubled its full year loss and signalled it may lose access to $7.7 million of tax losses. The Christchurch-based company made a loss of $5.7 million, or 13 cents a share, in the year ended March 31, from a loss of $2.5 million, or 7 cents, a year earlier, it said in a statement. Revenue fell 19 percent to $7.5 million. The company's shares dropped 9.1 percent to a fou...

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