Wesfarmers pays special $1 dividend as profit rises

 In Australia, Coles, NewZealand
Solid earnings growth at Coles, Bunnings and Officeworks has offset weaker earnings from coal, Target and chemicals, lifting Wesfarmers’ full year underlying net profit by 6.1 per cent to $2.39 billion.
The Perth-based conglomerate also booked net one-off gains of $291 million from the sale of its insurance operations, lifting bottom line net profit by 19 per cent to $2.69 billion.  Sydney Morning Herald – Read more…

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