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

Fiona Rotherham
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion
Putin's war is a challenge to global corporate conscience
David Brain | Sat, 28 May 2022

Global businesses with strong retail brands appear the most likely to stop doing business in Russia altogether, but there are holdouts.

On the Money
ON THE MONEY: Greg Foran, Straker and Ryman Healthcare
Victoria Young | Sat, 28 May 2022

OTM this week: The PM’s US tour, Grant Robertson’s golden rules, Greg Foran and more.

Politics
Sydney firm to build NZ Police’s arms information system
Ava Bradley | Fri, 27 May 2022

The company’s software will provide a secure digital database of all firearms transactions and legally owned firearms in NZ and is estimated to bring in $13 million for the ASX-listed company.

Partner content
Small business lessons for attracting and retaining staff

Employers battling through the ‘Great Resignation’ are now faced with the ‘Great Brain Drain’.

Partner content
People leaders are key to wellbeing but still need help

One in three people say they have experienced an issue with an unsupportive manager