Energy Action (ASX:EAX) delivers a solid result22 August 2012
Energy management company Energy Action (ASX:EAX) today posted FY12 results that were slightly ahead of those laid out in the IPO prospectus.
- Revenue up 23.8% to $17.37m
- NPAT excluding listing costs up 35.48% to $3.97m
- Diluted EPS with above figure: 15.84cps
- Full year 7.2c fully franked dividend
Its ~$4m Ward acquisition, expansion into WA and $65m in forward contracts (up 20% on last year) bodes for further growth in FY13.
At a trailing P/E of 13, it's close to fair value. But fairly priced, growing companies with very high ROE (~38%) and in a sector with good macros are rare to say the least. Definitely worth following.
EAX was up 5% to $2.05.
Disclosure: At the time of publishing, I own shares in EAX.