Australia's Woolworths posts 1.7% drop in half-year profit
[BENGALURU] Woolworths Group said on Wednesday its first-half profit dropped 1.7 per cent, as stiff competition and deep discounting during the holiday season hurt its performance.
Australia's largest supermarket operator said profit attributable from continuing operations came in at A$887 million (S$819 million), down from the A$902 million it earned a year earlier.
The company declared an interim dividend of 46 Australian cents per share, up from 45 cents a year earlier.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Sheng Siong Q1 net profit up 9.3% on higher revenue
Nestle sales growth sputters on US slump, vitamin snags
Hermes Q1 sales jump 17% on strong China demand
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO