CANBERA (dpa-AFX) - Brambles Ltd. (BXB.AX, BMBLF.PK), a pooling solutions
company, reported that its profit after tax for the first-half of fiscal year
2024 was US$391.3 million or 28.1 US cents per basic share up 18% from the prior
year.

Underlying Profit and Operating profit was US$664.7 million, an increase of 19%
at constant FX, reflecting transformation-linked productivity gains, including
reduced uncompensated asset losses, and the recovery of cost-to-serve through
pricing and commercial terms.

Profit after tax from continuing operations was US$392.1 million, up 14% at
constant FX as growth in Underlying Profit was partly offset by net finance cost
increases reflecting the impact of higher interest rates on debt and leases, and
a net non-cash charge of US$25.4 million relating to Brambles' operations in
hyperinflationary economies, primarily Argentina and Türkiye.

Sales revenue from continuing operations were US$3.28 billion, an increase of
10% from the prior year at constant FX, as price growth more than offset a 1%
decline in volumes across the Group.

The company has declared a 2024 interim dividend of 15.0 US cents per share.

For the year ended 30 June 2024, Brambles still expects sales revenue growth of
between 6%-8% at constant currency. It now expects annual underlying profit
growth of between 13%-15% at constant currency compared to the prior outlook of
9%-12% growth at constant currency.

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