Retailing and industrial conglomerate Wesfarmers has posted a rise in sales and earnings in the first half of the financial year underpinned by the performance of its powerhouse Bunnings and Kmart chains.
Sales across the company, which also runs a chemicals and mining business, rose 3.6 per cent to $23.5 billion, in line with market expectations. Earnings before interest and tax rose 4.7 per cent to $2.3 billion. Net profit climbed 2.9 per cent to $1.47 billion, almost double analysts’ forecasts.
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