Shares in Bradken Limited (ASX:BKN) have fallen more than 10 per cent in morning trade after the mining products provider posted a 4.1 per cent fall in full year net profit.
In the 2011 financial year net profit came dropped to $67.56 million. However, excluding material one-off items underlying net profit grew 24 per cent and revenue rose 14 per cent.
Managing director Brian Hodges says the company has experienced a "strong, ongoing recovery post the global financial crisis".
Looking ahead Bradken expects 35 per cent to 40 per cent growth in the 2012 financial year, adjusted from the 2011 result.
A final dividend of 21 cents per share has been declared, fully franked and steady with 2010.
Shares in Bradken had sunk 10.66 per cent this morning, trading at $6.87.
