Utilisation moves up at Coates Hire

Belinda Smart

22 February 2022

Coates Hire in Australia has reported EBIT profits of A$119.4m for the six months ended 31 December 2021, up 14%, with revenues 6% higher at A$496 million.

Coates’ owner, Seven Group Holdings, highlighted a 9% increase year-on-year in average time utilisation to over 59% during the six months, “reflecting strong…

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