Australian Stock Report - Share Tips
ASX Best Shares News: Brambles (BXB)
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Publish date: Wed, 17 Aug 2011, 03:55 PM
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Brambles (ASX:BXB) is a leading global provider of support services and is involved in pallet and container pooling services. Pallets are the (usually) wooden frames that goods are stacked on for transport.
Today, BXB reported a 17% lift in FY11 underlying profit to US$857 million. Revenue grew 13% on the back of net new business across all of BXB's key markets.
BXB forecast an FY12 underlying profit of US$1,040 to US$1,100 million, although the guidance was subject to economic uncertainty.
The group also declared a final dividend of 13 cents.
BXB has been one the best performing shares in the Australian stock market on the back of today's profit result.
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