New Zealand rebound shines in disappointing Woolworths profit
The company says the ‘transformation’ in New Zealand is continuing as the food business performed strongly.
The Woolworths store at Auckland's CBD waterfront.
Group profits at ASX-listed supermarket giant Woolworths fell by 20.6% in the six months to December, although the company has hailed a better performance in New Zealand where sales momentum has improved.
On a group basis, Woolworths announced a net profit of A$739m ($818m) compared with A$929m in
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