BIL brambles industries limited

Statement

  1. 635 Posts.
    Brambles says performing in line with expectations
    16:25, Wednesday, 19 June 2002

    Sydney - Wednesday - June 19: (RWE) - Brambles Industries Ltd
    today announced it was continuing to perform in line with its
    expectations when it announced its interim results in late February.
    The company confirmed it expected its continuing businesses to
    "progress" in the second half, compared with the same period a year ago.
    Revenue growth had continued at CHEP, Cleanaway and Recall.
    CHEP's performance in the US and Europe had stabilised in the
    past five months and was expected to pick up in 2002/03.
    Cleanaway had continued to make good progress and, as expected,
    trading in Germany had stabilised with paper prices less volatile.
    Recall was continuing to perform strongly.
    Brambles Industrial Services had improved in the second half,
    although some regional businesses were still affected by slow markets.
    The announcement was made after the close of trading.
    Shares in Brambles fell 26c to $8.60.
 
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