Is Coles (ASX:COL) a dependable ASX share to buy right now?
Tristan Harrison | March 18, 2021 7:00am |
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Coles Group Limited (ASX: COL) make a dependable ASX share to buy right now for a portfolio?
The Coles share price sank after releasing its half-year result for FY21 – it has dropped by around 15% since 16 February 2021.
What was in the report?
It wasn’t as though Coles reported a loss for the first 27 weeks of the financial year.
Total sales revenue went up 8.1% to $20.4 million, total earnings before interest and tax (EBIT) rose 12.1% to $1 billion, net profit after tax (NPAT) rose 14.5% to $560 million and earnings per share (EPS) grew 14.5% to 42 cents.