Bradken: Interim result 2013

It was a good result but the dreaded cycle still dominates the business.

Despite a slight dip in revenue, Bradken reported a 9% increase in net profit to $46.7m. From earnings per share of 27.6 cents, up 5%, a fully franked 20 cents interim dividend was declared (ex-date 18 February). Encouragingly, operating cashflow, which is particularly lumpy in this type of business, rose from $10.7m last year to $70.8m.

H1 2013

H1 2012

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