Coles (ASX:COL) full-year net profit for the period dropped 9.1 per cent to $1.43 billion.
Earnings before interest and tax (EBIT) is down 0.9 per cent to $1.46 billion.
Total revenue for the 12 months to June 30 was down 1.7 per cent to $38.4 billion.
Net profit before tax for the year includes a provision expense of $145.8 million relating to redundancies and lease exit costs for existing distribution centres that will be closed.
Since the reporting date the directors have determined to pay a total dividend of 35.5 cents per fully paid ordinary share.
Shares in Coles (ASX:COL) are trading 3.93 per cent higher at $13.76