Emeco

Better Equipped | Equipment Solutions for Mining

2009 Annual Results - Press Release

EMECO FY2009 OPERATING NPAT IN LINE WITH GUIDANCE AND FINAL DIVIDEND 2.0 CENTS PER SHARE

  • Full year Operating NPAT of $57.7 million, down 14.5% pcp ‐ in line with guidance
  • One‐off non cash impairment and restructuring charges of $44.5 million
  • Strong operating cash flow of $175.4 million and $81.2 million after capex
  • Debt facilities headroom of $331 million, after $73 million debt reduction in 2H09
  • Final dividend of 2.0 cents per share, fully franked
  • Operating environment stabilised and emerging signs of improving activity in FY10
  • Bulk of earnings growth to come from large mining equipment rentals in Australia, Indonesia and Canada
  • Management confirm NPAT guidance of $46-$53 million for FY10

Read full press release.

Enquire