Emeco Holdings Limited Announces Earnings Results for the Third Quarter Ended March 31, 2018; Provides Guidance for the Fourth Quarter and Fiscal Year 2019
April 17, 2018 at 06:59 pm EDT
Emeco Holdings Limited announced earnings results for the third quarter ended March 31, 2018. For the quarter, the company reported operating EBITDA to AUD 41.0 million, from revenue of AUD 101.2 million. This was largely due to a full quarter contribution from Force Equipment and the ramp up of projects, taking operating utilisation to 61% as at the end of quarter.
The company expected to continue to build earnings throughout the fourth quarter and into fiscal year 2019.