Bunnings reports profit and $400m inter-company loan

Bunnings reveals loan details. (Image: Bunnings)

Tue, 28 Nov 2023

Revenue from national DIY, garden and homeware chain Bunnings in New Zealand is up, but profit dropped due to expenses rising.The business, owned by Australian securities exchange-listed Wesfarmers, employs 5,000-plus staff in its stores and trade and distribution centres and has a big retail presence in this country.The latest accounts appeared on the Companies Office on Friday.NZ-registered Bunnings Ltd pushed up revenue from $1.68 billion last year to make $1.77b in the year to June 30, 2023.But selling expenses also rose from $276 million t...

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