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Wesfarmers profits up 4.8%, but challenges ahead

NZ arms of Kmart, Bunnings and Blackwoods all solid performers, but inflationary environment impacting trading environment.

Profits at Kmart hit a record A$769 million.

ASX-listed retail giant Wesfarmers has posted a 4.8% lift in annual net profit but the company has warned of a challenging trading environment.

Wesfarmers – which operates the Kmart, Blackwoods, and Bunnings brands in NZ – announced a net profit of A$2.47 billion in the year to June 30, up from

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Lachlan Colquhoun Fri, 25 Aug 2023
Contact the Writer: lachlan@nbr.co.nz
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Wesfarmers profits up 4.8%, but challenges ahead
Australia,
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