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Bradken H1 profit falls 26.4%

AAP Bradken Ltd has posted a 26.4 per cent decline in first half profit after the company felt the brunt of the economic downturn, and is looking forward to an improvement in trading conditions. The mining and engineered products provider reported a net profit of $25.72 million for the

Bradken first-half profit falls 26.4%, sees improvement ahead

The mining and engineered products provider reported a net profit of $25.72 million for the six months ended December 31, down from $34.93 million in the prior corresponding period. Sales revenue totalled $463.0 million, down 25 per cent. Bradken managing director Brian Hodges said the first