Despite overall external revenue regressing by 11 per cent from the prior corresponding period, Emeco Holdings posted strong profits during the first six months of the 2025 financial year.
UPDATED: Mining services provider Emeco has received a second strike against its remuneration report, despite amendments it made in response to shareholder feedback last year.
Equipment rental and service provider Emeco Holdings met its earnings guidance last financial year, delivering 27 per cent profit growth after selling off its Pit N Portal business to Macmahon.
Western Australian contractors and mining services providers have detailed the impact of the nickel industry woes in half year results reported to the market.
Emeco will walk away from underground contract mining after selling its Pit N Portal business to rival Macmahon, in a deal allowing it to focus on underground equipment rental.
Our weekly appointments wrap includes Anni Browning, Annie Fogarty, Andrew Ross, Linda Wayman, Ian Horne, Georgina Richter, Steve Chapman, Diana Kubicki, Drew Mayhills, Jo Thomas and Jonathan Phillips.
Emeco Holdings has announced a new chief executive for its underperforming Pit N Portal division while also renegotiating a major contract with Mincor Resources.
Emeco Holdings has reported a dramatic drop in first-half profit to just $3.3 million on account of weakened coal conditions in the eastern states, despite growing its revenue.
Red 5 will begin open pit production at its Great Western satellite deposit early next year, as the company ramps down operations at its King of the Hills goldmine.
Andrew Forrest-backed Mincor Resources has approved the development of its nickel operations in Western Australia's Kambalda region, identifying first production from December next year.
Emeco Holdings' recently acquired subsidiary Pit N Portal has secured two contracts with Mincor Resources for work on its nickel operations in Western Australia.
Fortescue Metals Group chair Andrew Forrest has purchased an additional $242 million worth of shares in the company, shortly after Perth-based executives of other leading companies, including Peter Coleman, Ian Testrow and Bill Beament, also made big trades.
Contractors Monadelphous and Emeco Holdings enjoyed solid share price gains today after reporting their interim results, with Emeco posting higher profits and improved margins while Monadelphous forecast a 10 per cent increase in revenue for the full financial year after a soft first-half.
Emeco Holdings has expanded its service offering after signing a $72 million agreement to acquire Australian underground mining equipment and services provider, Pit N Portal.
The number of women in executive leadership positions across Australia's largest listed companies is slowly increasing according to a new report, with Emeco Holdings, Wesfarmers and South32 the top performers for Western Australia.
Emeco Holdings tripled its profit for the 2019 financial year, but its shares dropped 9 per cent today after it flagged flat earnings in the first half of this fiscal year.
New data from the Australian Institute of Company Directors shows that women make up only 29.7 per cent of directors on ASX 200 boards, with WA's NRW Holdings and Emeco Holdings among four companies that have no women on their boards.
The proportion of women on the boards of ASX200 companies has fallen for the first time in four years, putting a dent in the Australian Institute of Company Directors' 30 per cent gender diversity target.
