Energy Action Limited Reports Unaudited Preliminary Earnings Results for the Half Year Ended December 31, 2014; Provides Earnings Guidance for the Year Ending June 30, 2015
The company provided earnings guidance for the year ending June 30, 2015. After considering its current trading performance and forecast for the balance of the year, the company expects for the fiscal 2015 operating NPAT to be between $4.2 million and $4.8 million. As previously announced, fiscal 2015 operating NPAT is expected to be weighted to the second half of the year. The two major business areas impacting the full year Operating NPAT are a lower than expected earnings contribution from the Projects & Advisory Services Division; a change in the anticipated timing of revenue recognition related to Contract Management & Energy Reporting.