Energy Mad turned to ebitda profit in first-quarter

Mon, 08 Jul 2013

July 9 (BusinessDesk) - Energy Mad, whose shares are trading at less than a third of their 2011 IPO price, claims it recorded positive earnings in its first quarter, but is refusing to give any numbers. It says the positive helped by cost cutting, a foreign exchange gain and a better performance from its direct installation business. Unaudited earnings before interest, depreciation and amortisation were ahead of budget in the three months ended June 30, the company said, without giving specific numbers. It posted a loss of $1.5 million for th...

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