Brambles Released its 1H FY2020 results; Report strong growth in Revenue and Earnings

Brambles Limited (ASX: BXB) reported a strong growth in revenue and earnings in its 1H FY2020 results ended on December 31, 2019.

  • Sales revenue growth was 7%. The value represents the upper end of Brambles’ guidance range.
  • Underlying profit and operating profit increased by 5%, driven by strong sales revenue.
  • CHEP US margin up 1pt, in line with the guidance. It represents pricing & supply chain benefits related with margin improvement initiatives.
  • Return on Capital Invested remains strong at 18.2% in spite of adverse impact from AASB 16.
  • Declared an interim dividend of 9 US cents

At AEDT 1:03 PM, BXB shares are trading at 13.21, up 4.427% above its previous close.

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