Australia's Emeco jumps on upbeat earnings forecast

Emeco Holdings

20/11/2024 01:16

** Shares of Emeco Holdings  EHL.AX  rise as much as 7.2% to
A$0.82, logging their best session since mid-January 2022
    ** Business support service provider expects annual
operating EBITDA of at least A$300 mln ($195.99 mln) for fiscal
2025
    ** EHL posted FY24 EBITDA of A$280.5 mln
    ** Expects ongoing improvement through the course of the
financial year, refelecting improving utilisation rates
    ** Stock hits highest since Oct. 16
    ** More than 391,000 shares change hands vs the 30-day avg
volume of about 205,000 shares
    ** EHL up 18.7% YTD, including current session's moves

($1 = 1.5307 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com))