Tag Archives: half year results

Wesfarmers reports $4,538m profit for 2019 half-year results

Wesfarmers Limited has reported a net profit after tax (NPAT) of $4,538 million for the half-year ended December 31, 2018. The reported profit includes post-tax significant items of $3,059 million relating to discontinued operations. These include gains on the demerger of Coles and disposal of Bengalla, Kmart Tyre and Auto …

Read More »

Metcash half-year results ‘pleasing amid challenges’

Metcash has reported that group revenue increased by 2.2 per cent to $6.2 billion for the half-year ended October 31 with all pillars delivering improved earnings. Food EBIT was up 2.4 per cent to $93 million. Group CEO Jeff Adams said the first-half results were “pleasing in the face of …

Read More »

Coles invests in price and service

Coles Online achieved double-digit sales growth in the half year to December 31, 2017, with growth accelerating in the second quarter as further investments were made to improve the customer experience. According to parent company Wesfarmers’ half-year report, Coles opening its second dark store in Sydney’s Alexandria significantly improved fulfilment …

Read More »

Metcash reports ‘pleasing’ first-half results, despite challenges in grocery

Outgoing Group CEO Ian Morrice handed the reins to Jeff Adams as Metcash announced sales revenue of $7.06 billion – an increase of 7.6 per cent. Food EBIT increased 5.8 per cent to $89.4 million, reflecting positive earnings from the convenience business, compared with an operating loss of $4.3m in …

Read More »

Food and grocery pillar stifles Metcash’s half-year results

Metcash Group generated sales revenue of $6.63 billion for the first half (May-October, 2016) of its FY17, up 0.3 per cent against the previous corresponding period, with an intense trading period in the food and grocery sector negatively affecting sales in that division. Continued earnings growth in the liquor (up …

Read More »