Emeco growth trend continues

EMECO Holdings has reported its best ever annual earnings and strong earnings growth as the mining contractor and equipment rental supplier continued to reduce its reliance on coal and diversified its commodity exposure over the 2019-20 year, with its net profits up 39% to A$87.5 million, its highest since the company was founded.

Emeco growth trend continues Emeco growth trend continues Emeco growth trend continues Emeco growth trend continues Emeco growth trend continues
Operating EBITDA was $246 million, an increase of 15% year-on-year, while its margins were 45%, down slightly due to the impact of the Pit N Portal business, which generates naturally lower margins

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