2009 Annual Results - Press Release
EMECO FY2009 OPERATING NPAT IN LINE WITH GUIDANCE AND FINAL DIVIDEND 2.0 CENTS PER SHARE
- Full year Operating NPAT of $57.7 million, down 14.5% pcp ‐ in line with guidance
- One‐off non cash impairment and restructuring charges of $44.5 million
- Strong operating cash flow of $175.4 million and $81.2 million after capex
- Debt facilities headroom of $331 million, after $73 million debt reduction in 2H09
- Final dividend of 2.0 cents per share, fully franked
- Operating environment stabilised and emerging signs of improving activity in FY10
- Bulk of earnings growth to come from large mining equipment rentals in Australia, Indonesia and Canada
- Management confirm NPAT guidance of $46-$53 million for FY10
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