AUSTRALIA: New Zealand sales growth boosts Foodland H1
Perth-based supermarket giant Foodland Associated has more than doubled its H1 profit over the last year, with help from record sales contributions from its New Zealand grocer Progressive Enterprises and department store chain Farmers. Foodland posted a profit of A$47.3m (US$24.8m) for the six months to the end of January, up from A$21.6m year on year.
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