Emeco Holdings Limited announced audited consolidated earnings results for the year ended June 30, 2018. For the year, the company reported total revenue of $380,992,000 compared to $233,014,000 a year ago. EBITDA was $153,004,000 compared to $83,504,000 a year ago. EBIT was $83,193,000 compared to LBIT of $97,066,000 a year ago. NPAT was $20,068,000 compared to NLAT of $90,891,000 a year ago. Statutory profit was $11,376,000 compared to statutory loss of $180,463,000 a year ago. Basic EPS was 0.4 cents compared to LPS of 3.7 cents a year ago. Net cash flows from operating activities were $125,533,000 compared to $113,596,000 a year ago. Free cash flow after repayment of net debt was $155,174,000 compared to free cash outflow of $6,609,000 a year ago. Payment for property, plant and equipment was $80,500,000 compared to $30,715,000 a year ago. Net debt was $400.8 million compared to $457.1 million a year ago.

The Company expects to see additional growth in revenue and earnings in fiscal year 2019, driven by further increases in utilisation and rates, additional retail maintenance services, a full year contribution from Force and the completion of the acquisition of Matilda.