Hire returns

MINING equipment hire specialist Emeco has posted an encouraging operational update for the fourth quarter of the 2015-16 financial year.

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Emeco is expecting an improved result.

The company is expecting an unaudited earnings before interest, tax, depreciation and amortisation of $54.2 million for FY16, up 25% on the FY15 EBITDA of $43.2 million.

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