Annual report to shareholders; CEO report Management and its...

Annual report to shareholders;
CEO report
Management and its team have a strong commitment to driving sales. In addition to communities being billed there are close to 115 communities contracted and in the pipeline to under management which will increase our revenue generating contracts to in excess of 200 GWh when connected in the near future. On the financial side, revenues have increased substantially to over $10.26mfor the year whilst closely maintaining our gross margins. These margins were slightly affected due to extreme conditions experienced in the energy market during the 2nd and 3 rd quarters of FY 2017. These have now normalised. The year also saw the number of staff increase scaling up across all facets of the business to cope with its current and future growth. This included key appointments to leadership roles and senior management to strengthen the execution of the company’s Vision, Mission and Values. This investment in people is an essential for our Company and the adaption of our