Brambles boosts FY profit by 21%

Company News


Brambles Limited (ASX:BXB) has boosted its annual net profit by 21 per cent to $US576.3 million and forecast growth ahead.  
 
The pallet supplier’s result was aided by acquisitions and its exposure to emerging markets. 
 
CEO Tom Gorman says Brambles is confident of delivering continued strong sales growth in new segments and emerging markets in the year ahead. 
 
Brambles has forecast it will generate an underlying profit of between $US1.01 billion to $US1.07 billion in fiscal 2013, representing between 4 to 10 per cent growth. 
 
A final dividend of 13 cents per share has been declared, 30 per cent franked.

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