Brambles (ASX:BXB) dividend down 37.9%

Company News

by Rachael Jones

Brambles (ASX:BXB) has reported first half underlying profit of $US435.5 million, up 1 per cent net on the prior corresponding period and 5 per cent higher excluding foreign exchange impacts.

Revenue grew 7 per cent to $US2.4 billion, on the prior first half before foreign exchange impacts.

The company said it will pay an interim dividend of US9 cents that’s 13.39 cents per share, which is down 37.9 per cent on the first half of last year.

Profit after tax fell to $278.9 million, down 13 per cent after currency costs.

Operational cash flow jumped to $US321.8 million, up from $US137.9 million the 2019 first half.

Shares in Brambles (ASX:BXB) closed 0.24 per cent lower at $12.65 on Friday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.