.
Brambles Limited (ASX:BXB) has reported a 9 per cent improvement in its first half net profit but lowered its profit forecast for the year.
The pallet supplier’s first half result was boosted by a 34 per cent rise in sales revenue, coming in at about $2.2 billion.
Brambles says its business continues to show its capacity to keep growing, despite challenging economic conditions.
The company has however lowered its full financial year guidance and now expects to deliver an underlying profit of between about $986 million and $1 billion in the full 2012 financial year.
Brambles notes, “This guidance remains subject to unforeseen circumstances and economic uncertainty”.
An interim dividend of 13 cents per share has been declared, 20 per cent franked.
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