Brambles US$320.5m Profit 1H2013

Submitted by Share Trading on 25 February, 2013 - 20:32

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.

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