Wesfarmers reports 9.3 percent jump in half-year profit driven by Bunnings and Kmart
Australia's largest non-food retailer Wesfarmers posted a net profit of A$1.60 billion for the half-year. Strong sales at Bunnings and Kmart drove the growth.
Insights:
Wesfarmers Limited has reported a 9.3 percent rise in its first-half net profit to A$1.60 billion for the six months ended December 31. The result for the period represents a year-over-year profit increase for the company and was marginally above the consensus estimate provided by Visible Alpha.
The improved financial performance for the half-year was driven by stronger results within several key business units. Wesfarmers identified Bunnings, Kmart Group, and WesCEF as the primary drivers behind the growth. As the largest non-food retailer in Australia 
AU, the company's performance across these divisions provided significant structural relevance to the overall corporate result.
AU, the company's performance across these divisions provided significant structural relevance to the overall corporate result.
