Energy Action Limited provided earnings guidance for the year ending June 30, 2021. While Energy Action experienced year-on-year sales growth of 25% in the first half, the rate of growth has fallen below expectations in the current half. As a result, revenue has declined during the current financial year to April 2021, down 24% when compared to the prior corresponding period. This was driven by a 49% reduction in average energy prices during the financial year to April 2021 when comparing the prior corresponding period, lower than expected auction volumes, expiration of some long-term contracts and contract deferrals due to the pandemic. As a result, the Company now expects to report an operating loss for FY21 in the range of between $0.5 million and $1 million. This compares to an operating profit of $0.02 million for FY20 and represents a significant decrease from the previous corresponding period.