19 October 2010
Media Release
Wellington energy management solutions company Energy Intellect Limited has announced payment of an interim dividend of 5.5 cents per share for its 2011 financial year.
The company posted a consolidated profit of $1,133,000 in 2010, with revenue increasing by 27 per cent to $7,579,000, boosted by strong hardware sales in Australia and the favourable exchange rate.
The date of record for the dividend is 18th October 2010 and the dividend will be paid to shareholders on 16th November 2010.
ENDS
For more information, contact:
Mark Fairey
+64 21 450 578
Notes to editor
Energy Intellect (Ei) provides advanced energy management, energy measurement and energy control application to business organisation including utilities, grid operators, energy retailers and aggregators, curtailment service providers and industrial and commercial energy users.
Founded in Wellington, New Zealand in 1996 by a group with extensive backgrounds in utility metering and control systems, Ei maintains a strong reputation for the delivery of high-end revenue grade poly-phase metering hardware and communication devices, meter reading and Meter Data Management (MDM) systems and services, as well as the provision of accurate energy reporting and data presentation products.
Ei's systems process approximately 85% of energy information for large commercial and industrial power users in New Zealand with similar Commercial activities in Australia.
Ei has expanded its market presence globally, with clients and projects in New Zealand, Africa, Asia and Australia.
