27 Nov 2013

Mad Energy sales down in US

7:05 am on 27 November 2013

First half sales at Mad Energy fell 12.4% and its net loss widened to $2.5 million.

Sales in the latest six months fell to $4 million from $4.5 million previously, reflecting a sharp drop to negligible levels in sales in the United States.

For the earlier six months to September, the efficient lightbulb manufacturer reported a loss of $454,111.