Brambles generated sales revenue of US$2,744.7 million in the six months ended 31 December 2016 (1H17), up 4% on the previous corresponding period. Constant-currency growth of 5% reflects: solid like-for-like volume growth and higher levels of net new business wins in Pallets Europe; strong growth with new and existing customers in both RPCs and Containers; and ongoing expansion in emerging market Pallets businesses, particularly in Latin America.
Brambles Limited (ASX:BXB) (OTCMKTS:BXBLY) (FRA:R1H) is a supply-chain logistics company operating primarily through the CHEP and IFCO brands. Brambles enhances performance for customers by helping them transport goods through their supply chains more efficiently, sustainably and safely. The Group's primary activity is the provision of reusable unit-load equipment such as pallets, crates and containers for shared use by multiple participants throughout the supply chain, under a model known as "pooling". Brambles primarily serves the fast-moving consumer goods (e.g. dry food, grocery, and health and personal care), fresh produce, beverage, retail and general manufacturing industries, counting many of the world's best-known brands among its customers. The Group also operates specialist container logistics business serving the automotive sector. Brambles has its headquarters in Sydney, Australia, but operates in more than 60 countries, with its largest operations in North America and Western Europe.
Brambles employs more than 14,500 people and owns more than 550 million pallets, crates and containers through a network of more than 850 service centres. For further information, please visit www.brambles.com.
Asian Activities Report for November 3, 2011: Morning Star Gold NL (ASX:MCO) Resumes Underground Mining at the Historic Morning Star Goldmine
Asian Activities Report for November 3, 2011 includes: Morning Star Gold NL (ASX:MCO) has resumed underground mining at its 100% owned Morning Star Goldmine in Victoria's historic eastern goldfields; Red Sky Energy Limited (ASX:ROG) has submitted an application for regulatory approval of Talma pilot well at the Kanagaroo Creek Sandstone gas discovery in north east New South Wales; Brambles Limited (ASX:BXB) announces the launch of CHEP Aerospace Solutions, the world's largest independent network of pooled unit load devices (ULDs) and repair centres; Dragon Mining Limited (ASX:DRA) announces an update of the Mineral Resource for the Juomasuo gold deposit in Finland.
Australian Market Report of August 19, 2010: Clough (ASX:CLO) Strong Performance for the 2009/10 Financial Year
The Australian shares opened slightly lower on Thursday despite Wall Street's positive lead. The focus of the local market continued to be the company earnings reports. In early trade, both the S&P/ASX200 index and the All Ordinaries fell 0.1 per cent.
Australian shares today extended Friday's fall, dropping massively this morning. The Asian markets were broadly lower on Monday after the Dow Jones on Friday slumped 3.2 per cent due to the refresh fears on Europe debt. The Hungarian prime minister's spokesman said the country's economy was at risk of entering a Greek-style debt crisis. The benchmark S&P/ASX 200 index plunged more than 3 per cent in early trade.
Overnight Wall Street extended its gains on Reserve Bank of Australia's unexpected decision to raise the official interest rate. Investors saw the first rate hike in advanced economies since the global financial crisis as a key indication of recovery. The move also pushed commodities higher with gold soaring to a record.
US shares rebounded on Monday after a losing week hit by a series of disappointing economic reports. The market gained as Goldman Sachs recommended large banks and a report showed service industries returned to growth after 11 months of contraction.
Wall Street closed higher overnight on investors' buying in industrial and materials stocks. Meanwhile, the fears of trade dispute between the US and China was offset by the news that a Chinese wealth fund is in talks to take over a minority stake in the US power plant AES.
Wall Street closed with an eighth consecutive gain on Thursday, as a series of financial firms rose and energy stocks rallied on the rebound of crude oil prices. The US government figure for GDP showed that the US economy shrank at a 1 per cent annual pace in the second quarter, better than analysts' forecast of 1.5 per cent decline.
Brambles Ltd (ASX:BXB), the world's top pallet supplier, sees its earnings recovering while the global economy is improving. It has already benefited from growth in China and India. Increased sales revenue was achieved from the emerging businesses in these countries.
US stocks opened lower overnight due to the massive drop in Shanghai shares, which also caused a broad selloff in Asia markets. But Wall Street ended the day higher as the energy companies were boosted on hope of an improving demand. The US oil futures rose after the US Department of Energy said US oil inventories plunged unexpectedly.
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