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Energy Mad reduces earnings forecast

posted Jan 27, 2012, 11:26 PM by ema-1 ema-1
"The Christchurch-based company said delays in the production of ecobulb downlights as well as getting an update on accreditation for another product in Australia, combined with higher than anticipated freighting costs and foreign exchange revaluations would hit its earnings"

"These delays would reduce its earnings before interest, tax, depreciation and amortisation for fiscal 2012 to approximately $1.1 million from its initial public offer forecast of $3.5 million"

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