If the performance of Pulse Utilities is anything to go by then the retail sector is coming back to the good level.

Pulse Utilities, which is the fastest growing electricity retailer in New Zealand was able to post excellent results and was also able to meet its financial target.

The results which were published in the AGM of the company showed a negative EBIDA of $0.9 million. This also included ax, Depreciation and Amortisation (EBITDA) for the year ended 31 March 2011.

Considering the previous forecast of $350k, this is a much better performance. Also adding to the good news is that the forecasts show that the EBITDA for 2012 will be $6.5 million.

Said acting Chairman of the company, Joseph van Wijk, that the revised estimates are because of the outstanding customer acquisition levels. These have been happening in the recent months and there has been growing pulse on the customer front.

He further added that the rising pulse is not only a good sign for the company but it is the same for the retail sector as a whole.