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4.3¢ carnegie clean energy limited

From October 2016:...

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dyeman

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01/02/18

18:01

Post #: 30747895
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Originally posted by Andrix ↑

Revenue. We need revenue.

After all this time, purchase of EMS (whatever), where is the revenue? Not expecting break even, just increasing revenue.

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From October 2016: http://www.copyright link/business/...d-developer-energy-made-clean-20161025-gsa1s1

Mr Ottaviano said the acquisition of the remaining 65 per cent stake would also deliver Carnegie an alternative revenue stream from EMC which more than trebled revenues to $16 million last financial year.

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From January 2017: http://www.esdnews.com.au/carnegie-revenue-surges-thanks-solar-power/

Carnegie Clean Energy (formerly Carnegie Wave Energy) said it expected its annual revenue to surge 17-fold over a two-year period thanks to a push into solar power with the recent purchase of Australian firm Energy Made Clean (EMC).
The company told Reuters it was predicting revenue growth from $1.7 million last year to more than $30 million by 2018 as a result of the acquisition.

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Probably should have rung some warning bells when they only had to pay paid 13 million to buy a company with supposedly 16 million annual revenue . . .

CCE Price at posting: 3.9¢ Sentiment: Hold Disclosure: Held
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