Bradken FY profit falls sharply

By Chris Kohler

Combined with an unfranked interim dividend of 15c per share, the total unfranked dividend for fiscal 2014 is 26c per share, a 32 per cent decline on the 38c per share paid in 2013.

Bradken says it won't rely on the mining capital cycle to improve and is working to reduce overheads after reporting a 68 per cent fall in profit in fiscal 2014.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

In the 12 months to June 30, the group recorded a net profit attributable to members of $21. 5 million, a 67. 9 per cent fall on the $66. 9m reported in 2013.

Read more here: Business Spectator


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