Coles drives Wesfarmers profit higher

 In Australia, Coles, NewZealand

Perth-based conglomerate Wesfarmers has posted a 9.3 per cent jump in half-year net profit to $1.285 billion as revenue from its portfolio of businesses which are heavily weighted towards its supermarkets business Coles rose 3.2 per cent to $30.6 nillion.
The company said today it would pay an interim dividend of 77 cents per share, up from 70 cents paid for the same time last year.  Sydney Morning Herald – Read more…

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