XMH

XMH: The world's largest distributor of Mitsubishi diesel engines, has secured two contracts worth $2.8m from an Indonesian ship owner. The customer, which has done business with XMH previously, placed an order for brand new Mitsubishi marine diesel engines with gearboxes. Another order was for e-Gen power generating sets. e-Gen is an in-house marine and industrial power generating solution package. These items will be installed on tug boats and will be delivered by FY14. XMH's total order book currently stands at $76m, underpinning earnings visibility for the next yr.