Bradken blowout

ON MONDAY Australia’s Mining Monthly postulated that incoming Bradken managing director Paul Zuckerman would definitely be earning his near $1 million a year salary. Given the company posted a $168.1 million loss for the half year to December 31, it certainly seems he will.

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One-off items has led to Bradken taking a beating.

Of course there were a couple of one-off items that pushed the company into such a heavy loss:

  • Restructuring costs of $17.