Bradken says worst is over as results meet expectations

Bradken's full-year results reveal consensus expectations for 2013-14 aren't too bullish amid the challenging environment.

Engineering contractor Bradken's (BKN) full-year results should reassure investors that consensus earnings expectations are not set too high for the next 12-months.

This is important as confidence about the outlook for the sector is fragile with investors bracing for more earnings downgrades as miners cut back on project spending due to volatile commodity prices (see Inside the mining services disaster).

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