SSH Group Cuts HP Debt 37% to AU$12.8 Million

MT Newswires Live14:14

SSH Group (ASX:SSH) reduced its hire purchase (HP) debt by about AU$7.5 million, or 37%, to AU$12.8 million as of Oct. 31, including debt assumed through the EMS acquisition, while maintaining a rental fleet of over 250 assets, according to a Thursday Australian bourse filing.

The company said the first phase of the EMS integration was completed, consolidating operational teams and introducing refreshed branding while targeting cost savings and operational efficiencies.

SSH Mining continues to advance the Mining Services Agreement with Cavalier Resources (ASX:CVR) following its appointment as preferred mining contractor for the Crawford gold project, the filing added.

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