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SYDNEY— Wesfarmers Ltd. said its annual net profit fell by 1.2%, but signaled a strong recovery in trading conditions from its fiscal first half when it was disrupted by lockdowns to limit the ...
Wesfarmers deserves to be commended in regards to it's returns. The company has consistently earned 20% for the last five years, and the capital employed within the business has risen 45% in that ...
Wesfarmers' diversified portfolio provides exposure to many segments of the Australian economy. Even after the divestment of Coles, most of the conglomerate’s earnings are consumer-related.
Wesfarmers has not disappointed with their ROCE growth. The figures show that over the last five years, ROCE has grown 49% whilst employing roughly the same amount of capital.
Wesfarmers's stationery supplies chain, Officeworks, an initial beneficiary of the pandemic-driven rush to working from home, saw profit decline 18% due to stock shortages and store closures.
Wesfarmers net profit for the year ended June fell 2.9% to A$2.35 billion ($1.64 billion), bettering analyst forecasts of about A$2.2 billion, due to pandemic store closures and restrictions in ...
Wesfarmers generates significant cash flow, which comfortably finances capital expenditures. The balance sheet is conservatively structured, with pro forma net debt/ (net debt plus equity) below 20%.
SYDNEY—Wesfarmers Ltd. laid bare the potential pitfalls of owning assets as diverse as department stores and coal mines on Wednesday, saying it would take impairment charges of up to 2.3 billion ...