Brambles lifts profit
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Pallet supplier Brambles has lifted its first half profit by 26 per cent due to expansion in developed and emerging markets.
Brambles made a net profit of $US302.5 million ($A296.68 million) in the six months to December 31, up from $US239.5 million in the previous corresponding period.
The company's underlying profit in the six months to December, which includes earnings from its continuing operations before the impact of one-off financial items, was $US490 million ($A480.58 million), up seven per cent on the same period the previous year.
Chief executive Terry Gorman forecast a full year underlying profit of between $US1.03 billion ($A1.01 billion) to $US1.06 billion ($A1.04 billion).
"This result is a reflection of the strength of our established operations and our ongoing ability to deliver profitable growth from expanding and diversifying our unique supply chain equipment pooling expertise," he said in a statement.
Brambles declared an interim dividend, of 13.5 cents per share, franked to 30 per cent, up from 13 cents in the previous corresponding period.
Brambles shares were up six cents at $8.57 at 1035 AEDT.