Emeco downgrades profit, shuts European business

AFTER a challenging first half, earthmoving equipment provider Emeco Holdings has downgraded its full-year net profit guidance and will shut down operations in Europe and the United States following a strategic review.

Emeco downgrades profit, shuts European business Emeco downgrades profit, shuts European business Emeco downgrades profit, shuts European business Emeco downgrades profit, shuts European business Emeco downgrades profit, shuts European business

The Perth-based company expects to report operating net profit after tax for the 2010 financial year to be in the range of $40-44 million prior to significant items.

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