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- Release Date: 19/02/13 12:50
- Summary: GENERAL: MAD: Energy Mad targeting $0.9 million cost reduction for FY2014
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MAD
19/02/2013 10:50
GENERAL
REL: 1050 HRS Energy Mad Limited
GENERAL: MAD: Energy Mad targeting $0.9 million cost reduction for FY2014
Energy Mad is expanding its cost cutting with a target of $0.9 million for
FY2014.
In December 2012, Energy Mad announced that it was implementing improvements
to its organizational structure to deliver an estimated $750,000 in annual
savings.
Good progress has been made since December 2012 on cost savings from various
operational efficiencies and the first benefits from these will occur late in
the last quarter of FY2013.
The Company is now targeting annual savings of a further $150,000 for FY2014.
ENDS
For More Information Contact:
Chris Mardon, Managing Director
(021) 041 2981
End CA:00233104 For:MAD Type:GENERAL Time:2013-02-19 10:50:46
