** Shares of Australian conglomerate Wesfarmers WES.AX rise as much as 3.4% to A$79.200, their biggest intraday gain since February 6
** Co posts HY net profit after tax up 3% at A$1.47 billion ($933.74 million), ahead of Visible Alpha consensus estimate of A$1.45 billion
** Solid result with sales remaining relatively resilient & productivity measures continuing to offset cost pressures - analysts at Jefferies said in a note
** Declared an interim dividend of 95 Australian cents per share vs 91 Au cents apiece declared a year earlier
** Stock has risen 9% this year so far
($1 = 1.5743 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com))
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