Brambles US$320.5m Profit 1H2013

Global pallet supply company Brambles (ASX:BXB) has reported its half year results to shareholders, traders and investors.

• Brambles Net Profit for first half FY 2013 was US$320.5 million, up from US$239.5 million in the previous corresponding period.
• BXB underlying net profit US$490 million, up 7 percent.
• Chief executive Tom Gorman said, "Our first half results demonstrated that our growth programs are delivering as forecast. We have continued sales momentum throughout the business."
• Brambles have released their forecast for the full year underlying profit of between US$1.03 billion to US$1.06 billion.
• Brambles Sales revenue increased 4 percent to US$2.89 billion, from growth in emerging markets and new business in North America.
• The company has warned shareholders of further downward pressures on its document management system business Recall.
• Brambles have declared a fully franked interim dividend of 13.5 cents per share.