Earth moving equipment company Emeco (ASX:EHL) has reported its net loss has improved in the first half of this financial year from $300,000 an improvent on its $31 million loss for the same period last year.
It comes as Emeco’s revenue charged ahead in the period up over 133 per cent to $171 million compared to the 2017 half year.
Its operating earnings or EBIT surged over 970 per cent to $37.5 million.
Outlook for the remainder of the year looks positive with improved market conditions with project wins and an increased demand for equipment.
Shares in Emeco (ASX:EHL) closed 1.7 per cent higher yesterday at $0.30.