Energy Action Limited ( (AU:EAX) ) has shared an announcement.
Energy Action Limited has reported a significant increase in profit for the half-year financial period, with a profit of $924K, up by $497K from the previous year. This growth is attributed to their focus on customer service and the restructuring of their business and software platform, including the launch of their new software, Utilibox. The company has also improved revenue transparency by reporting annualized recurring revenues (ARR), aligning it with cash received, costs, and profits, and implementing a staff performance reward system based on ARR.
More about Energy Action Limited
Energy Action Limited operates in the energy sector, focusing on providing energy procurement services. The company aims to make energy easier, cleaner, and more cost-effective for its clients, with a primary focus on delivering quality price risk advice.
YTD Price Performance: -3.57%
Average Trading Volume: 12,511
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$10.52M
Learn more about EAX stock on TipRanks’ Stock Analysis page.