Bunnings star performer in 1.2% boost in Wesfarmers 1H profit

Tue, 23 Feb 2016

By Fiona Rotherham Feb. 24 (BusinessDesk) - ASX-listed conglomerate Wesfarmers, which owns the Coles supermarket, Bunnings hardware, Kmart and Target department store brands, lifted first-half profit 1.2 percent, led by strong growth in Bunnings and weighed down by low commodity prices affecting its industrial resources division. Net profit was A$1.4 billion in the six months ended Dec.31, compared to A$1.37 billion a year earlier, while the retail portfolio had a 9.2 percent boost in earnings before interest and tax to A$176 million foll...

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