Rail division weighs on Bradken

SHARES for mining services company Bradken have dipped following news it slashed its guidance for the 2012 financial year due to one-off costs and reduced sales volumes.

Rail division weighs on Bradken Rail division weighs on Bradken Rail division weighs on Bradken Rail division weighs on Bradken Rail division weighs on Bradken

The company now hopes to generate between $95 million and $102 million in net profit after tax for the period, which represents a 13% midpoint growth over the 2011 financial year.

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