By Ross Kelly 
 

SYDNEY--Brambles Ltd. (BXB.AU), a provider of wooden pallets and plastic containers used for transporting goods, upgraded its annual earnings guidance to account for the contribution of a recent acquisition in the oil and gas sector.

Brambles said it expects to post an underlying profit for the year through June, 2015, of between US$1.06 billion and US$1.09 billion. The forecast--based on foreign exchange rates at June 30--would represent annual earnings growth of 9-12%. In August, the company had targeted annual earnings of between US$1.03 billion and US$1.06 billion.

In September, the Australian company acquired Ferguson Group, a supplier of containers to the offshore oil-and-gas industry, for GBP320 million (US$515 million) including debt.

Brambles, which has a market value of 14.9 billion Australian dollars (US$13.0 billion), said Monday its revenue in the three months through September rose 6%.

Write to Ross Kelly at ross.kelly@wsj.com

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