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Reporting season analysis: Woolworths

Reporting season analysis: Woolworths

Woolworths Limited has announced a 24 per cent increase in full year net profit to $2.26 billion.

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By Expert Panel 28.08.2013

REPORTING SEASON: Woolworths (WOW)

Brought to you by CommSec

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Figure 1: Woolworths 12 month chart

 

Woolworths Limited (ASX:WOW) has announced a 24 per cent increase in full year net profit to $2.26 billion.

In the year ending June 30, total group sales rose by 4.3% to $59.2 billion, at the same time total group revenue rose to $58.6 billion.

The Australian Food, Liquor and Petrol business made a solid contribution to the result with earnings before interest and tax (EBIT) rising by 8.7%. 

The mainstay however, continued to be the Hotels segment which saw an increase of more than 34.7% in EBIT. Woolies says it expects caution to remain a feature of consumer behaviour.

Even with the cautious view, the group is confident of growing its profit by a range of between four and seven per cent in the next 12 months.

The group will pay a fully-franked final dividend of 71 cents to shareholders on the register at September 13.

 

You can see all of CommSec's reporting season analysis by clicking here.

Tom Piotrowski, Market Analyst, CommSec


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