Logistics firm Brambles Ltd raised its annual earnings outlook on Friday, as product price hikes more than make up for inflationary cost pressures, sending its shares surging 8 per cent.Sydney-based Brambles, which owns and rents crates and pallets globally to consumer goods companies, now expects its und
Logistics firm Brambles Ltd raised its annual earnings outlook on Friday, as product price hikes more than make up for inflationary cost pressures, sending its shares surging 8 per cent.
Sydney-based Brambles, which owns and rents crates and pallets globally to consumer goods companies, now expects its underlying profit to jump between 15 per cent and 18 per cent on a constant currency basis, up from a prior estimate of 8 per cent-11 per cent growth.
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