Brambles Limited
(ASX:BXB) has announced its downgraded its underlying profit and sales revenue guidance for the period ending 30 June 2017.
The logistics company dropped sales revenue to the range of 7% to 9%, and its underlying profit growth target to 9% to 11%.
It also expects first half sales for the period ending 31 December 2016 will show revenue growth to be 5%, and underlying profit growth of 3%.
Brambles says its North American pallets business experienced revenue and costs pressures toward the back end of the first half.
Brambles reported a net profit of $791.41 million at 30 June 2016.
