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By Harish Sridharan
(Reuters) -Australian logistics company Brambles Ltd raised its annual earnings outlook on Friday as it offset cost pressures with product price hikes, sending its shares 7.5% higher in their best session in over nine months.
The Sydney-based firm, which owns and rents crates and pallets globally to retailers and consumer goods companies, has seen manufacturing costs go up significantly in the quarter as higher inflation has made key raw materials like lumber more expensive...
>>> Read more: Australian pallets maker Brambles hikes annual profit outlook; shares jump
(Reuters) -Australian logistics company Brambles Ltd raised its annual earnings outlook on Friday as it offset cost pressures with product price hikes, sending its shares 7.5% higher in their best session in over nine months.
The Sydney-based firm, which owns and rents crates and pallets globally to retailers and consumer goods companies, has seen manufacturing costs go up significantly in the quarter as higher inflation has made key raw materials like lumber more expensive...
>>> Read more: Australian pallets maker Brambles hikes annual profit outlook; shares jump
