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Emeco goes up and down

A PLANNED reset of mining equipment rental group Emeco’s Pit N Portal business has reduced net profit in 2023’s first half, from $30 million in the prior corresponding period to just $2.7 million.

Karma Barndon
Pit N Portal vehicle

Pit N Portal vehicle

Despite the loss Emeco finished the half strongly with revenue of $429.5 million, up 15.2% on the $372.8 million recorded in the pcp. "In 1H23, there was a decisive reset of the business following the...

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