Prospects Remain Strong, Australian Rental CEO Says

Aug. 8, 2008
Australian rental firm Tuff Bryant Group Limited last week said the next 12 months would bring continued strong demand for cranes and general rental equipment in support of Australian resources, infrastructure and industrial construction market segments, despite some economic difficulties.

Australian rental firm Tuff Bryant Group Limited last week said the next 12 months would bring continued strong demand for cranes and general rental equipment in support of Australian resources, infrastructure and industrial construction market segments, despite some economic difficulties. The company’s managing director David Haynes told shareholders at the company’s annual meeting that Tuff Bryant was continuing to grow revenue and earnings across all of its divisions and that costs were under control.

Haynes said the company is likely to grow equipment rentals while sales might slow down because contractors are likely to hold on to machines longer.