Wesfarmers’ profit rises as it announces capital return

 In Australia, Coles, NewZealand
Wesfarmers has reported a 6 per cent rise in full-year net profit, missing analysts’ forecasts, and announced a $579 million capital return to shareholders.
Wesfarmers said strong cash flows and robust credit metrics allowed it to pay out 50 cents per share in a capital return to be approved by shareholders and the Australian tax office.  Sydney Morning Hearld – Read more…

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