Woolworths’ minor drop in profits but supermarkets show strong result

Woolworths Group, one of Australia’s two supermarket giants has reportedn its first net profit drop since it was listed on the stock exchange in n1993. An interim net loss of 16.8{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea} in its half-yearly results is mainly ndue to a one-off AUD $300 million restructuring charge to its Dick Smithn brand. Australian Food News – Read More.