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Woolworths NZ

Woolworths NZ lifts sales 2.3% in tough trading conditions

The group's supermarkets here increased sales to $2.94 billion in the 27 weeks ended December 30 from $2.88 billion a year earlier.

Woolworths NZ profit up 29% on increased sales at fatter margins

Net profit rises to $128.9 million in the 12 months ended June 24, from $99.8 million a year earlier.

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Grocery giant hits $8bn in sales, pays out $339m

NZ supermarkets still holding Woolworths back.

Australasian retail giant Woolworths has shrugged off the challenging economic environment to record a sales rise of 8.8% for the first half of the financial year, although its New Zealand operations continue to struggle in a competitive market.

Overall, sales in the company were up $A2.1 billion to $A26.1 billion and Woolworths chief executive and managing director Michael Luscombe understandably says he is pleased with the result in the current climate.