Coles posts strong profit growth in H1

Date : 14 February 2013

Wesfarmers has released its half year results for the period ending 31 December 2012, with EBIT for its retail division increasing 9.4% to AU$1,705m. Coles' earnings grew an impressive 15.1% to AU$755m, with both Bunnings and Kmart also recording solid profit growth. However, costs incurred…

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