Pulse Utilities has made a profit of $22 million in the half year, a turnaround compared to the loss it made the same period last year.
The company says revenue rose 250% to $27.5 million, reflecting a larger customer base.
Before fair value movements in electricity price hedges, Pulse made a loss of $1.3 million, compared with a loss of $2.4 million the same period last year.
