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Fewer idle machines pays off for Emeco

EARTHMOVING equipment hirer Emeco Holdings has boosted its net profit by 36.3% year-on-year to $A56 million for the 2011 financial year on the back of improved utilisation and a stronger focus on heavy equipment for mining.

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Fewer idle machines pays off for Emeco

Emeco's earnings before interest, tax, depreciation and amortisation (EBITDA) was up by 17.3% to $223.3 million for the year, while earnings before interest and tax (EBIT) gained 21% to $101.2 million....

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