No expert here but page 16 of the prospectus shows an acutal...

No expert here but page 16 of the prospectus shows an acutal full year profit for 2011 of over $900k (NPBT) and over $800K (NPAT).

http://www.energymad.com/nz/Files/Governance/EM_IPO_OfferDoc_8-11.pdf

That sounds like a profit to me for Energy Mad.

Projected to be over $2 mill for this financial year. Not too bad for a company with a large growth potential.

I understand the angst over INT, but credit where it is due - currently, their $1mill invest in Energy Mad has, on paper, made them a 100% return.

Now lets get INT profitable...... :)