Supermarkets drive Woolies profit

 In Australia, NewZealand, Woolworths

Woolworths’ first half profit has grown to $1.15 billion as earnings from its supermarkets rose by 6 per cent.
The supermarket giant’s net profit in the six months to December 31 was up 19 per cent from $966.9 million in the previous corresponding period.
Earnings from its supermarkets were 6 per cent higher than the previous corresponding period at $1.65 billion, due to further growth in market share and customer numbers, Woolworths said.
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The company declared an interim fully-franked dividend of 62 cents, up from 59 cents in the previous corresponding period.
Woolworths shares were up 43 cents, or 1.3 per cent, at $34.44 in early trade.  Sydney Morning Herald – Read more…

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