Pallet supplier Brambles has lifted its first half profit by 26 per cent on expansion in developed and emerging markets.
Brambles made a net profit of $US302.5 million ($A296.68 million) in the six months to December 31, up from $US239.5 million in the previous corresponding period.
The company's underlying profit in the six months to December, which includes earnings from its continuing operations before the impact of one-off financial items, was $US490 million ($A480.58 million), up 7 per cent on the same period the previous year.
Chief executive Terry Gorman forecast a full year underlying profit of between $US1.03 billion ($A1.01 billion) to $US1.06 billion ($A1.04 billion).
"This result is a reflection of the strength of our established operations and our ongoing ability to deliver profitable growth from expanding and diversifying our unique supply chain equipment pooling expertise," he said in a statement.
Brambles declared an interim dividend, of 13.5 cents per share, franked to 30 per cent, up from 13 cents in the previous corresponding period.Brambles shares were up five cents to $8.56 at 7.40am.