Australia's Wesfarmers first-half profit jumps 3% on strong demand [Yahoo! Finance]
WESFARMERS LTD UNSP/ADR (WFAFY)
NASDAQ:AMEX Investor Relations:
wesfarmers.com.au/investor-centre
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Source: Yahoo! Finance
Sales and earnings of Bunnings division benefited from strong consumer and commercial demand and Kmart logged its record first-half earnings on strong growth in apparel sales. Wesfarmers' net profit after tax was A$1.43 billion ($927.93 million) for the six months ended Dec. 31, compared with A$1.38 billion a year earlier. That beat analysts' expectations of A$1.34 billion, according to LSEG data. The Perth-headquartered firm declared an interim dividend of 91 Australian cents per share, up from 88 Australian cents apiece declared last year. ($1 = 1.5411 Australian dollars) (Reporting by Sameer Manekar in Bengaluru; Editing by Anil D'Silva)
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