BXB 1.89% $10.37 brambles limited

increase in revenue, profit and new business

  1. 2,602 Posts.
    Brambles Limited today reported sales revenue of US$2,147.2 million for the six months ended
    31 December 2010, up 3% on the prior corresponding period. Operating profit was US$366.1 million,
    up 8%. Profit after tax was US$219.8 million, up 6%.

    The Board has declared an interim dividend of 13.0 Australian cents per share, 20% franked, up
    0.5 cents on the previous interim dividend. The dividend is payable on 14 April 2011 to shareholders on
    the Brambles register at 5pm on 11 March 2011. In line with Brambles? previously announced funding
    strategy for the IFCO acquisition, the Dividend Reinvestment Plan will be available for this dividend on a
    fully underwritten basis, at a discount of 2.5%.

    Mr Gorman said: ?In line with previous guidance, Brambles expects sales revenue growth in constant
    currency from each of its four business units for the full 2011 financial year. Subject to unforeseen
    circumstances and ongoing economic uncertainty, Brambles continues to expect operating profit before
    interest costs and tax to be in line with its August 2010 guidance of between US$740 million and
    US$780 million (at 30 June 2010 foreign exchange rates)4.?

    This one should head over $8 soon.
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