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BRIEF-Bradken Ltd says FY net loss $241.3 million

Published 11/08/2015, 08:42 am
Updated 11/08/2015, 08:46 am
© Reuters. BRIEF-Bradken Ltd says FY net loss $241.3 million
BKN
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Aug 11 (Reuters) - Bradken Ltd BKN.AX :

* Says "directors have not proposed a final dividend payment for the current period"

* Says "forecasting results in the current environment remains challenging"

* FY revenues from ordinary activities down 14.9% to $968.4 million

* Reductions in volume and price expected to be offset by an additional $10 million EBITDA from full year run-rate savings of the restructuring program

* Gearing is forecast to reduce significantly in the second half of f16

* Says "foundry in India will contribute to further cost reductions in FY 2017"

* FY net loss for the period attributable to members down 1223.3 percent to $241.3 million

* Source text for Eikon ID:nASXc5nnzw

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