Boom tips improved results for FY09 first half

Boom said media commentary concerning capital equipment companies had generally created negative sentiment towards the sector, and hence issued a statement today foreshadowing improved results in the face of tough market conditions.The company said its auditors, KPMG, were in the process of reviewing its half-year financial statements.Boom said the result came despite a lower than budgeted crane sales outcome through its James Equipment business. These expected results come after Boom announced in August the refinancing of a $175 million, three-year credit facility and a $32 million working capital and general transactional banking facility.The company said it also improved the utilisation levels of its wet hire (with an operator) crane fleet over the last six months.

Send this to a friend