Brambles Limited today reported sales revenue of US$2,147.2 million for the six months ended 31 December 2010, up 3% on the prior corresponding period. Operating profit was US$366.1 million, up 8%. Profit after tax was US$219.8 million, up 6%.
Dividend The Board has declared an interim dividend of 13.0 Australian cents per share, 20% franked, up 0.5 cents on the previous interim dividend. The dividend is payable on 14 April 2011 to shareholders on the Brambles register at 5pm on 11 March 2011. In line with Brambles? previously announced funding strategy for the IFCO acquisition, the Dividend Reinvestment Plan will be available for this dividend on a fully underwritten basis, at a discount of 2.5%.
Outlook Mr Gorman said: ?In line with previous guidance, Brambles expects sales revenue growth in constant currency from each of its four business units for the full 2011 financial year. Subject to unforeseen circumstances and ongoing economic uncertainty, Brambles continues to expect operating profit before interest costs and tax to be in line with its August 2010 guidance of between US$740 million and US$780 million (at 30 June 2010 foreign exchange rates)4.?
This one should head over $8 soon.
BXB Price at posting:
$7.19 Sentiment: None Disclosure: Held
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