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.


 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.