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Earnings Report: Brambles Limited

18 February 2019 By GO Markets

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The Logistics Company has reported a 27% decline in net profit (after tax) for the six months ended 31 December. The drop in profit is mainly due to higher costs on:

  • Fuel
  • Transport
  • Brexit-proofing costs.

The company was also deprived of the one-off tax benefit of US$130 million from a year ago. Below is a summary of key metrics:


Source: www.brambles.com

With respect to the IFCO reusable plastic container business, the Chief Executive, Mr Chipchase did not provide any concrete information and said that the process “is not sufficiently” advanced, further adding that the company has not yet made any decisions on whether they will “sell” or “de-merge” it.

Its share price dropped to a low of $10.85 which is a drop above 3% before rebounding slightly. As of writing, it is trading at $11.04:

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Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.

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