Page 35 - Rishav Chatterjee News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(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 start making sales next year. For years the Perth-headquartered firm has grown most of its profit by ri...

MELBOURNE -BHP Group on Tuesday said it saw solid growth from some sectors in China as it logged its weakest annual profit since 2020, but added it was too early to assess the impact of Beijing's...

Australia's Ampol on Monday posted a 26% drop in its half-year profit, as earnings from its primary refining business fell reflecting weaker margins at its Lytton refinery in Brisbane and softer...

BHP Group on Tuesday reported a sharp drop of 37% in its annual profit, hit by declining prices for its key commodities, including iron ore, copper, and metallurgical coal. Underlying...

Australian real estate firm Dexus said on Friday it had sold an office building in downtown Sydney, with the buyer receiving a 16% discount on a 2022 valuation as higher interest rates and home working crunch prices for office space. Reuters reported on Wednesday that the company, one of Australia's largest landlords, had signed a conditional deal last month to sell its Margaret Street building in Sydney's central business district, citing its annual report. The property industry globally, and office building owners in particular, are struggling as working from home and e-commerce ...