Brambles Ltd., known to be the world's largest supplier of pallets, announced a drop in profit in U. S., U. K. and Spain.

The company's first-half earnings for the financial year dropped 7 per cent to about $230 million.

Asserting that the improving economy still has to translate into an accelerated activity in markets, Brambles Ltd. has posted a 3% drop in revenue for the four months period up-to October 31, 2009, for the 2009-10 fiscal years. The total sales revenue posted for the period stood at $US1.402 Billion ($A1.51 Billion), which is at least 3% lower than the revenue posted for the same period last year.