Australia's Wesfarmers posts near 6% rise in HY profit [Reuters]
WESFARMERS LTD UNSP/ADR (WFAFY)
NASDAQ:AMEX Investor Relations:
wesfarmers.com.au/investor-centre
Company Research
Source: Reuters
Australia's Wesfarmers posts near 6% rise in HY profit Feb 19 (Reuters) - Australian retail conglomerate Wesfarmers Ltd on Wednesday reported a 5.7% rise in first-half profit, as strong sales at its hardware retail business helped it weather tough consumer spending conditions from the devastating season of bushfires. Excluding impact from a new accounting standard, the company reported net profit after tax from continuing operations of A$1.14 billion ($762.32 million) for the six months to December, compared with A$1.08 billion it reported a year ago. Revenue from continuing operations for the period rose 6% to A$15.25 billion.
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