Woolworths Limited
(ASX:WOW) has grown its annual net profit and forecast profit growth ahead.
The supermarket giant’s net profit jumped 8.5 per cent to $2.45 billion in the 2014 financial year.
Woolies says it delivered sustainable profit growth in established divisions while also investing for future growth.
Looking ahead the company has forecast growth amid expected challenging trading conditions.
Woolworths expects its net profit to rise between 4 per cent to 7 per cent in the current 2015 financial year.
A final fully franked dividend of 72 cents has been declared, bringing the full year payout to $1.37 cents per share.
