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Intermoco narrows loss to $1.6m in FY10

Intermoco narrows loss to $1.6m in FY10

Utilities management provider Intermoco Limited (ASX:INT) narrowed its losses to $1.6 million in FY10 from $6.8 million in FY09.

The company lifted its full-year revenue 50% to $6 million, and its 1H revenue a record 62%, Intermoco said.

A brand consolidation had led to increased visibility amongst its potential customers, the company added, leading to new contracts and a growing pipeline of opportunities.

While the company recorded an ebitda loss of $1.2 million for the full year, it managed an ebitda profit of $295,000 in the second half.

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Tags smart gridIntermocoASX:INT

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