Woolworths bags strong profits

Company News


Woolworths Limited (ASX:WOW) has generated a bumper full year net profit of $2.26 billion, up 24 per cent on last year.
 
In the year to June 30, sales lifted 4 per cent to $59.2 billion.
 
In the same period total revenue was $58.6 billion.
 
Woolworths says it expects ongoing consumer caution to keep retail conditions subdued in the year ahead, but is confident of growing its profit by between four and seven per cent.
 
The group will pay a fully-franked final dividend of 71 cents.

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