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Wesfarmers Limited ( (AU:WES) ) has shared an announcement.
Wesfarmers Limited reported a 2.9% increase in statutory net profit after tax for the half-year ending December 2024, despite challenging economic conditions. The growth was driven by strong performances from its retail divisions, particularly Bunnings and Kmart Group, which benefited from value-focused offerings and efficiency initiatives. Meanwhile, the company is selling Coregas and winding down Catch to streamline operations and enhance shareholder value. Wesfarmers is also advancing its lithium project and investing in technology to bolster productivity and customer experience. Overall, the company is positioning itself to leverage digital assets and maintain robust investor returns amidst ongoing cost pressures and market uncertainties.
More about Wesfarmers Limited
Wesfarmers Limited is a leading Australian conglomerate with a focus on retail, chemicals, fertilizers, and industrial and safety products. Notable divisions include Bunnings, Kmart Group, and Officeworks, targeting consumer markets with a strong emphasis on value and convenience.
YTD Price Performance: 11.49%
Average Trading Volume: 683
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $56.2B
See more insights into WES stock on TipRanks’ Stock Analysis page.
