Markets: A light down the line for Bradken

While prepared for a tough 2014, Brian Hodges is waiting for the day when cost-cutting miners will have to ramp up their capex again.

Bradken managing director Brian Hodges is nothing if not an optimist. After a 33 per cent fall in 2013 net profit to $66.9 million for the mining products, engineering and rail company, Hodges says things are looking up.

“We expect mine production to show steady increases again in financial year 2014 for most commodities, and the energy sector to remain strong for oil and gas products,” he says in an ASX statement.

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