[miningmx.com] – CATERPILLAR, which supplies mining equipment, said it was braced for a 10% decline in sales during 2014 with economic conditions likely to be similar to 2013.
In comments to its year-end results, the company said: “We expect sales of mining equipment will remain weak in 2014 and our outlook reflects a sales decline of about 10% in resource industries”.
The company expects profit per share of $5.85 this year – not including restructuring costs – compared with $5.75 and $8.48 in 2012. Restructuring costs could affect this by about 55 cents per share, it said.
