Brambles upgrades profit forecast LARGE logistics company Brambles has lifted its full year profit forecast following first quarter sales growth and a recent acquisition. THE container and pallet supplier expects an underlying profit of $US1.06 billion to $US1.09 billion ($A1.15 billion to $A1.18 billion) this financial year, up nine to 12 per cent on the previous year. That is on sales revenue growth of eight to nine per cent, in constant currency terms, Brambles said. The update comes after Brambles' $US545 million acquisition in September of oil and gas container solutions business Ferguson Group. The company also achieved a six per cent rise in sales revenue in the first quarter of the financial year, to $US1.37 billion. That was driven by growth in the pallets segment and a strong performance in reusable produce crates, as well as the Ferguson acquisition. "Notwithstanding increased economic uncertainty during the period, we are pleased with our trading result for the first quarter ... which reflected a resilient underlying performance as we continue to execute our growth strategy," chief executive Tom Gorman said. Brambles shares gained seven cents to $9.60. The company is among the 20 largest companies on the Australian share market.