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Bradken slumps on loss

BRADKEN has reported a $A92.6 million net loss after tax for the first half of the financial year and will not return a dividend for the period, prompting a share price fall of more than 20% this morning.

Jack McGinn
Bradken slumps on loss

The net loss represents a 343% reduction on the $38.1 million net profit after tax earned in the previous corresponding period. The manufacturer said $25.5 million related to its overhead cost base...

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