Brambles outlines plans to boost capital investment

Company News

Brambles Limited (ASX:BXB) has advised it is eyeing plans to increase capital investment.
 
Addressing an investment market briefing in California, Brambles noted the company anticipates organic growth investment of US$1.5 billion in the 4 years through to FY19.
 
With growth capital expenditure heavily weighted towards well-established businesses, the company said it is committed to sustainable value creation in order to drive shareholder wealth.
 
However the pallet maker and logistics company did reiterate its soft earnings guidance for FY16 of an underlying profit of US$1.02 billion.
 
Brambles Limited reported a profit of $761 million in FY15.

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