We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Brambles Limited | ASX:BXB | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.16 | 1.11% | 14.60 | 14.55 | 14.75 | 14.66 | 14.40 | 14.43 | 4,685,386 | 09:50:00 |
By David Winning
SYDNEY--Brambles Ltd. (BXB.AU), a provider of wooden pallets and plastic containers used for transporting goods, forecast higher profit this fiscal year even as it grapples with global economic uncertainty and cost pressures in several markets.
Brambles said it expects to report an underlying profit of between US$1.055 billion and US$1.075 billion in the year through June, 2017, which would represent an increase of 9%-11% on the 2016 financial year if calculated using spot currency rates at the end of June. The company also said it expects sales revenue to increase by between 7% and 9%, from US$5.54 billion in the year just ended.
"In FY17, we expect to realize the benefit of the investment we have made to date in operational efficiencies, including the U.S. Pallets durability program, which is expected to more than offset direct cost pressures," Chief Executive Tom Gorman said.
On Thursday, Brambles reported net profit of US$587.7 million for the year through June, which was up 8% after stripping out the impact of currency swings. The company declared a final dividend of 14.5 Australian cents (US$0.11) a share, up from 14 cents a year earlier.
-Write to David Winning at david.winning@wsj.com
(END) Dow Jones Newswires
August 17, 2016 18:55 ET (22:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
1 Year Brambles Chart |
1 Month Brambles Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions