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Emeco forecast profit lift

Earthmoving equipment supplier Emeco has forecast full year profit growth of up to 41 per cent due to strong demand in Australia, Canada in Indonesia.

Emeco on Friday said it expected its net profit for the year to June 30 to be between $67 million and $70 million, which would compare to a $49.6 million profit in the previous year.

The company said earnings had been strong so far in the second half of the financial year, after posting a net profit of $28.9 million in the six months to December 31.

"Despite a slow start to the year in Indonesia and Canada, we are finishing FY12 with strong utilisation in both of those markets, as well as in Australia, and we are seeing strong indications of demand in the Chilean market," chief executive Keith Gordon said in a statement.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/04/18

1 year TSR5 year TSR
46thEmeco Holdings229%-9%
139thSchaffer Corporation81%27%
247thSouthern Cross Electrical Engineering39%-6%
280thGlobal Construction Services30%4%
404thMMA Offshore7%-40%
721 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

27/11/17
$2k Issued
19/10/17
$0 Other
10/07/17
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

26th↓Emeco Holdings$221.8m
27th↓MMA Offshore$221.8m
28th↓Schaffer Corporation$215.0m
30th-Global Construction Services$207.6m
31st↓Southern Cross Electrical Engineering$200.2m
238 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Emeco Holdings

47thIan Testrow$1.092m
264thThao Vanderplancke$438k
655thPeter Richards$135k
Ranked by total remuneration from all listed WA companies

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