METS

Emeco cuts costs amid dimming outlook

ANY optimism Emeco Holdings held mid-year has waned, with the earthmoving company downgrading its forecast profit for the first half of 2013 by $A6 million and removing its sub-contract labour to reduce costs.

Brooke Showers
Emeco cuts costs amid dimming outlook

The news sent Emeco’s shares spiralling down 16.1%, or 10c, to 52c. In light of further softening in the Australian market and lower commodity prices, Emeco has lowered its operating net profit after...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.