Australia's Emeco Holdings extends gains on upbeat forecast

Emeco Holdings

03/02/2022 01:07

** Shares of Emeco Holdings Ltd  EHL.AX  jump as much as
5.5% to A$0.965, their highest since Jan 20 
    ** The earthmoving equipment provider expects FY22 operating
EBITDA between A$250 mln and A$260 mln ($178.00 mln-$185.12
mln), up from A$238 mln reported in FY21  urn:newsml:reuters.com:*:nASX5Z8t3s
    ** Says H1 operating EBITDA came in at A$122 mln, within the
outlook range of A$120 mln to A$125 mln 
    ** Stock set for a fifth straight session of gains
    ** EHL stock up 4% this year, as of last close

    ($1 = 1.4045 Australian dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))