EHL 0.57% 88.0¢ emeco holdings limited

News: EHL Emeco Holdings says qtrly operating EBITDA A$20.4 mln

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    April 28 (Reuters) - Emeco Holdings Ltd (EHL) :

    • Generated revenue of A$49.7 million and operating EBITDA of A$20.4 million in Q3 2017
    • Tropical cyclone Debbie affected Australia operations in late March, however company's employees were uninjured and its fleet was not damaged
    • Most mine operations in australia had recovered by early April and this is not expected to materially impact 4q17
    • "Positive medium term outlook with increased production expected at existing sites and increased number of tenders coming to market"
    • Hmer has exercised option to buy majority of Emeco's fleet in Canada, generating cash proceeds for emeco of about a$13.8 million
    • Emeco does not expect a material earnings contribution from canadian business in near-term
 
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