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Emeco Holdings Limited - 2009 Interim Results

1H09 Highlights

  • Operating revenue up 8% pcp contributing to record operating profit of $39.0m, up 27.9% pcp
  • Operating cash flow including sustaining capex of $51.4 million or 8.2 cents per share
  • 83% average utilisation of assets in the period (by asset value)
  • Performance improvements continued in Indonesia, US & Canada
  • Available headroom of $274 million in debt facilities renegotiated in August 2008, comfortably compliant with all debt covenants
  • Interim fully franked dividend of 2.0 cps declared

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