Brambles Limited (AU:BXB) has released an update.
Brambles Limited has corrected a typographical error in their FY24 financial results, announcing a final dividend of US 19.00 cents per share, contrary to the previously stated US 34.00 cents. The company reported a robust financial performance with sales revenue up by 7%, underlying profit up by 17%, and a strong free cash flow before dividends increased by US$384.7 million. Brambles also announced a US$500 million share buy-back in FY25 and an increased target dividend payout ratio, signifying a strong financial position and confidence in future cash flow generation.
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