Ann: Appendix 4C - quarterly, page-28

The Company has seen an increase in new customers represented by 21.1GWh of annual energy consumption. This takes LPE to almost 178GWh which keeps the Company on target for $22m of revenue for the FY18.

If we are billing $22 million for the financial year means this quarter will be around $7.5million. Is this how you read it.

First 3 quarters $14,446. This is a major increase, planning for the extra direct market. We havent had the increases we expected in last 2 quarters but if they achieve this goal then that means we are actually billing $30 million (4*$7.5m) at the end of June.

The forecast expenses only go up to $7,057 million from this quarter $6.314 million

So expenses up by $743 thousand but income up by (34 GWH @ $220k per GWH/quarter) $1,870m

If they achieve the goal, based on forecast of the 4C they will be in profit of $1.2m. It wont be this high as its get higher month on month, so divide by 3, $400k. Simple math, but I know business accounting is not simple.

Happy to be corrected and please expand on my estimations.