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BRIEF-Emeco Holdings says qtrly operating EBITDA A$20.4 mln

Published 28/04/2017, 10:31 am
© Reuters.  BRIEF-Emeco Holdings says qtrly operating EBITDA A$20.4 mln
EHL
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April 28 (Reuters) - Emeco Holdings Ltd EHL.AX :

* Generated revenue of A$49.7 million and operating EBITDA of A$20.4 million in Q3 2017

* Tropical cyclone Debbie affected Australia operations in late March, however company's employees were uninjured and its fleet was not damaged

* Most mine operations in australia had recovered by early April and this is not expected to materially impact 4q17

* "Positive medium term outlook with increased production expected at existing sites and increased number of tenders coming to market"

* Hmer has exercised option to buy majority of Emeco's fleet in Canada, generating cash proceeds for emeco of about a$13.8 million

* Emeco does not expect a material earnings contribution from canadian business in near-term Source text for Eikon: Further company coverage: EHL.AX

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