Emeco narrows loss after big year – Australia News

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Heavy equipment supplier Emeco Holdings has its sights set on a positive year ahead, after narrowing its net loss to $180 million following a year of write-downs and the completion of a three-way merger.

Perth-based Emeco’s full-year net loss result was an improvement on its FY16 net loss of $225.4 million, and was largely impacted by $103.2 million in impairments.

However, revenue was 12 per cent higher to $208.8 million as earnings before interest, tax, depreciation and amortisation gained 54.1 per cent, to $54.2 million.

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