FOUNDRY and engineering group Bradken Ltd announced Ebitda of A$57·9m on sales of A$485·1m for the year ended June 30, an increase of 16% on the previous period.

Bradken was floated on the Australian stock exchange on August 20 2004. A year on, Managing Director Brian Hodges described the past year’s results as ’a strong start for Bradken as a public company, underpinned by positive market fundamentals in the Australian resources and freight rail industries.’

He said ’Strong revenue growth was achieved on the back of increased volume across our four strategic business segments, Mining, Mineral Processing, Rail and Industrial’. The rail business was particularly strong. ’During the year we again raised the benchmark for the highest freight wagon production rate in Australia, at 44 wagons per week in one facility.’