ERG 0.00% 6.6¢ eneco refresh ltd

profit/loss

  1. 1,795 Posts.
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    ERG will probably post another loss this Half/Full Year, but after that substantial profits should start to flow. Many of their existing contracts have reached the profibility stage and remember, with the Convertible Notes now gone, $18M per year is being saved in interest payments. That adds alot to the bottom line.
    Additional contracts should also be added in the coming months/years. ERG has the best transit smartcard technology and now has a pretty strong balance sheet.
 
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