AUSTRALIA: Woolworths reports record H1
Australia's largest supermarket group Woolworths has posted a better-than-expected 24% increase in net profit to A$295.5m (US$153.7m) for its first half, ended 6 January. Taking out the one-off income security payment of A$24m, net profits rose 19.7% year on year to A$317m, while earnings per share jumped 27.4% to 28.5c. Overall H1 sales were A$12.75bn, a rise of 13% and company chairman James Strong described the H1 result as "a strong performance in a very competitive environment".
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- US food next wave on display at Winter Fancy Food
- How General Mills plans to grow - CAGNY
- Comment: Meal kits in US - don't believe the hype
- CAGNY analysis: Danone's growth strategy
- Wessanen eyes growth in "resurgent" organic market
- Unilever launches operational review
- Glanbia focuses on nutrition with Irish dairy spin
- Kerry operating earnings strengthen on slow sales
- Kerry's Scanlon to replace McCarthy as CEO
- Mondelez launches savoury snacks brand Vea