Shares in Emeco Holdings Limited (ASX:EHL) have lifted on news the equipment provider expects between 20 - 25 per cent earnings growth in fiscal 2012.
The company’s net profit is expected to increase to between $67 million and $70 million.
Managing Director and CEO Keith Gordon says Emeco is finishing the year with strong utilisation in Indonesia, Canada and Australia and strong indications of demand in the Chilean market.
Mr Gordon believes the company is entering fiscal 2013 with solid earnings momentum underpinned by robust underlying utilisation and growth capital invested in the business.
Shares in Emeco Holdings have risen to this morning’s best performer, up 5.6 per cent to $0.89.
