Energy Action Limited provided earnings guidance for the year ended June 30, 2015. After considering its current trading performance and forecast for the balance of the year, The company expects fiscal year 2015 operating net profit after tax to be $2.6 million to $3.0 million. The company's previous guidance indicated a sales revenue increase of 30% above fiscal year 2014, however there is now expected to be a 25% increase on fiscal year 2014.

Given the nature of the revenue lines impacted, the reduction in revenue directly correlates to a reduction in Operating NPAT in fiscal year 2015. These items combined are anticipated to represent a $630,000 impact to Energy Action's NPAT in fiscal year 2015 above historical levels of receivables adjustments. The majority of this writeoff relates to previous periods.

The profit forecast for fiscal year 2015 is very disappointing and the management team is working hard to strengthen the underlying operations of the company and reduce the overall cost base.