METS

Cat emerges stronger after a tough year

AFTER a year of restructuring and staff layoffs, Caterpillar has surprised analysts by reporting record operating cash flow for 2013, despite lower revenues and a softer mining market.

Lau Caruana
Cat emerges stronger after a tough year

Sales and revenues for full-year 2013 were $US55.65 billion ($63.62 billion), down 16% from $65.87 billion in 2012. Profit for 2013 was 33% lower than 2012 at $3.7 billion. The decline in sales and...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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