Wesfarmers
(ASX:WES) has reported its net profit after tax (NPAT) fell about 58.3 per cent on FY17 to $1.197 billion for the 2018 financial year.
Its revenue strengthened over the 2018 financial year, and lifted almost 3 per cent on FY17 to $66.9 billion.
Its earnings before interest and tax (EBIT) increased 4.5 per cent on the prior year, to $4.37 billion.
The company declared a fully franked final dividend of $1.20 per share.
The Perth based conglomerate says the reported profit includes a loss from discontinued operations of around $1.4 billion which reflects the trading results and significant items for Bunnings UK and Ireland.
Shares in Wesfarmers
(ASX:WES) closed 0.6 per cent higher to $50.59 yesterday.