Brambles's Quarterly Sales Rise 3%
October 22 2018 - 7:03PM
Dow Jones News
By Robb M. Stewart
MELBOURNE, Australia--Brambles Ltd. (BXB.AU) logged a modest
rise in sales revenue in the first quarter of its financial year
and cautioned Tuesday that the company's pallets, crates and
containers business faces ongoing cost inflation.
Brambles said sales totaled US$1.42 billion in the three months
through September, a rise of almost 3% on the same quarter last
year, or about 6% on a constant-currency basis to strip out the
strengthening of the dollar.
Given the cost pressure being felt across Brambles' major
markets, the company said it expects its first-half underlying
profit to be broadly in line against a year earlier but to improve
on a constant-currency basis in the second half thanks in part to
increased pricing.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
October 22, 2018 18:48 ET (22:48 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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