Australia's Wesfarmers says 1H result partly lifted by Bunnings

Rebecca Howard
Tue, 14 Feb 2017

By Rebecca Howard Feb. 15 (BusinessDesk) - ASX-listed conglomerate Wesfarmers today reported strong earnings growth in the first half, bolstered by results in Bunnings Australia and New Zealand, Kmart and Officeworks. The company reported a net profit of A$1.58 billion in the six months to Dec. 31, up 13 percent on the year. Operating revenue was A$34.9 billion, up 4.3 percent on the year. It announced an interim dividend of  A$1.03 per share, also a 13 percent increase on the year.  “Total retail earnings were in line with the prior c...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Quiz FREE
QuiznessDesk, Tuesday, July 05, 2022
The Quizmaster | Tue, 05 Jul 2022

Don't forget to give our daily quiz a go. Good luck

Law & Regulation
Juice magnate Lepionka sues lawyers for 'negligent' advice
Greg Hurrell | Tue, 05 Jul 2022

Businessman Stefan Lepionka's negligence case against Gibson Sheat will be split in two, with the law firm's countersuit to be heard first, the high court has ruled.

Property
George Kerr's Pyne Gould receivership continues
Victoria Young | Tue, 05 Jul 2022

Court action continues in the UK, while receivers have already clawed back $8m for the BNZ by selling South Island land.

Sponsored
How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges