BUZZ-Australia's Brambles hits record high on upbeat HY results

Reuters
02-20
BUZZ-Australia's Brambles hits record high on upbeat HY results

** Shares of supply chain logistics co Brambles BXB.AX up 1.6% at A$19.940, after hitting record high of A$20.600 earlier

** Co posts underlying profit of $717.9 million, up 10% Y/Y on a constant FX basis for first half of FY25

** Co sees full-year growth of 8%-11% in underlying profit at constant FX rates and upgrades free cash flow outlook by $100 million

** Similar to 2H24, this appears a materially positive result, Citi analysts say

** Stock up 3.7% YTD, including session's moves

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))

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