✂ Fed’s first rate cut since 2020: Use our free Stock Screener to find new opportunities fastExplore for FREE

BRIEF-Wesfarmers says HY NPAT rose 13 pct

Published 15/02/2017, 08:21 am
© Reuters.  BRIEF-Wesfarmers says HY NPAT rose 13 pct
WES
-

Feb 15 (Reuters) - Wesfarmers Ltd WES.AX

* hy npat $ 1.577 billion versus $1.39 billion a year ago

* half-year revenue from ordinary activities $34.917 billion versus $33.46 billion

* group continues to remain generally optimistic in its outlook

* strong momentum and strong market positions provide for a positive outlook for banz, KMART and officeworks for second half of financial year.

* Coles will continue to focus on delivering a strong customer proposition to support long-term growth in earnings and returns.

* interim dividend (fully-franked) 103 cents per share

* in short term, margin pressures are expected to persist

* Target's performance in second half is expected to improve relative to prior corresponding period

* full-year result for resources business is expected to benefit from increases in coal prices experienced during first half

* downward pressure on shelf margin in food is expected to continue in second half of financial year

* earnings contribution of coles financial services is expected to decline in second half Source text for Eikon: ID:nASX5klBCj Further company coverage: WES.AX

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.