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Australia's Wesfarmers logs 5% annual profit rise on strong segmental growth | The Mighty 790 KFGO

(Reuters) -Australia's retail giant Wesfarmers recorded a 4.8% rise in its full-year profit on Friday, boosted by strong performance by its hardware unit Bunnings, budget department store Kmart and the chemicals, energy and fertilisers unit. The compan...
Archismha Iyer Maju Samuel Rishav Chatterjee Rob Scott Managing Director Rob Scott Refinitiv Eikon
Source: kfgo.com

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Australia's Wesfarmers logs 5% annual profit rise on strong segmental growth

(Reuters) -Australian conglomerate Wesfarmers Ltd said annual profit rose 4.8%, just ahead of analyst forecasts, as elevated living costs sent new shoppers to its budget department store chain Kmart, offsetting the impact of a renovation slowdown on its hardware unit. The result shows the benefit of diversification at the country's biggest listed conglomerate which also owns pharmacies, an office supplies chain, an industrial chemicals business and a lithium mine that is scheduled to star...
Maju Samuel Rishav Chatterjee Archismha Iyer Rob Scott Managing Director Rob Scott Refinitiv Eikon
Source: yahoo.com

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