Energy One expects return to profit in FY10

Energy One expects return to profit in FY10

Energy One (ASX:EOL) expects to return to a $300,000 profit in FY10, after two long years re-building the company.

In an update to shareholders Energy One, which develops software for energy markets, said the company is in a solid cash position, with expected cash in hand at year-end of $2.5 million, and was debt free.

“This is a solid turnaround from the significant loss the company posted upon its exit from energy retailing,” CEO Richard Brys said.

“We have created a stable company with long-term viability.”

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags softwarefinancial resultsEnergy One

Show Comments