Woolworths NZ boosts annual profit 29pc

Woolworths New Zealand, which accounts for about 40 per cent of the ncountry’s supermarket sales, boosted its annual profit 29 per cent as itn squeezed more out of increasing revenue.

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nnNet profit rose to $128.9 million in the 12 months ended June 24, from n$99.8 million a year earlier, according to financial statements lodged nwith the Companies Office. Revenue grew 3.5 per cent to $5.57 billion, an faster pace than the 2.4 per cent increase in cost of sales to $4.28 nbillion. New Zealand Hearld – Read More.

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