Wesfarmers NPAT up 13.5% on pcp

Company News

by Rachael Jones

Wesfarmers (ASX:WES) reported net profit after tax $1.9 billion, that's up 13.5 per cent on the prior corresponding period, excluding significant items.

Revenue of $27.9 billion, representing growth of 4.3 per cent.

Earnings before interest and tax (EBIT) growth was 12.2 per cent excluding significant items, bringing it to $2.9 billion.

During the first half of the financial year, the company demerged Coles, and disposals of Bengalla, Kmart Tyre and Auto Service (KTAS) and Quadrant Energy.

Earnings per share (EPS) grew 13.5 per cent to 171.5 cents per share.

Shares in Wesfarmers (ASX:WES) are trading 2.27 per cent lower at $37.81.


 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?