Jan 21 (Reuters) - Bradken Ltd (BKN) : Says expects to report a...

Jan 21 (Reuters) - Bradken Ltd (BKN) :

• Says expects to report a half year underlying EBITDA of approximately $52

  million for the six months to 31 December 2015

• Says "now optimistic that an improved result is likely for the second half of

  this financial year"

• Says arnall will continue in the role of acting CEO
• Expected that statutory accounts as at 31 December 2015 will include an

  additional impairment charge associated with mining & transport and engineered products (USA) divisions

• Says announces its intention to divest its UK operations
• Says confirms that the acquisition of the low cost Indian foundry will be

  completed during February

• Company's cost reduction and restructuring program is now well advanced and

  is showing results consistent with expectations"