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BRIEF-Wesfarmers Says FY Profit After Tax Attributable From Cont Ops $1,622 Million

Published 20/08/2020, 08:39 am
© Reuters.
WES
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Aug 20 (Reuters) - Wesfarmers Ltd WES.AX :

* FY REVENUE FROM CONTINUING OPERATIONS $30,846 MILLION VERSUS $27,920 MILLION

* DECLARES FINAL DIVIDEND OF 77 CENTS PER SECURITY

* FY PROFIT AFTER TAX ATTRIBUTABLE FROM CONTINUING OPERATIONS $1,622 MILLION, DOWN 16.4%

* STRONG RETAIL SALES GROWTH EXPERIENCED IN H2 2020 FINANCIAL YEAR CONTINUED THROUGH JULY

* BUNNINGS AND OFFICEWORKS CONTINUED TO DELIVER "PLEASING GROWTH" AT NATIONAL LEVEL THROUGH AUGUST

* STAGE 4 TRADING RESTRICTIONS IN VICTORIA IMPACTED FOOT TRAFFIC TO STORES, PARTICULARLY IN KMART & TARGET

* ONLINE SALES INCREASED SIGNIFICANTLY THROUGH JULY & AUGUST ACROSS ALL RETAIL BUSINESSES

* LOOKING AHEAD, RETAIL SALES WILL BE IMPACTED BY FURTHER TRADING RESTRICTIONS, REMOVAL OF GOVERNMENT STIMULUS

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