Brambles Limited share price ASX BXB

Brambles Limited (BXB)

Brambles Limited is a global support services group which provides pallet and plastic container pooling services and information management services.

Our Commentary: Updated 21st February 2013

Brambles has reported its first-half results, with profits up 26% to US$302 million. The firm attributed the increase to higher pallet sales and a growing presence in emerging markets.

The company has declared a 13.5 cent dividend (partially franked) and forecast FY13 underlying profit to be between US$1.03 billion and US$1.06 billion.

CEO, Mr. Tom Gorman, said that, “this result is a reflection of the strength of our established operations and our ongoing ability to deliver profitable growth from expanding and diversifying our unique supply-chain equipment pooling expertise.”

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