Energy Action Limited Revised Earnings Guidance for the Year Ending June 30, 2014 ; Provides Earnings Guidance for the Half-Year Ending December 31, 2013
December 19, 2013 at 02:20 am EST
Energy Action Limited expects operating net profit after tax for the year ending June 30, 2014 to be approximately in line with fiscal 2013 operating NPAT of $5.02 million. The company had previously expected operating NPAT to be 10% to 15% higher than fiscal 2013 NPAT. Operating NPAT is before corporate acquisition related costs, amortisation of customer relationships and employee incentive plan non-cash expense. As previously announced, fiscal 2014 operating NPAT is expected to be weighted to the second half of the year. The revised earnings guidance primarily reflects: a lower-than-budgeted earnings contribution from the Sustainability Solutions division (previously called Activ8+); and restructuring of the Sales function.
Fiscal 2014 operating NPAT for the half-year ending December 31, 2013 is expected to be about $2 million with overall revenue growth of 15% from a year earlier.