METS

Emeco slumps on downgrade

SHARES in earthmoving equipment company Emeco were slammed in morning trade after a profit downgrade, stemming from disputes and project delays in Australia and Indonesia.

Lauren Barrett
Emeco slumps on downgrade

In April, Emeco said forecast operating net profit after tax for the 2013 financial year would be in the range of $A40-50 million. Today the company reduced its earnings outlook to $35-36 million,...

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