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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