Wesfarmers Posts Higher Fiscal H1 Earnings as Revenue Rises

MT Newswires Live
20 Feb

Wesfarmers (ASX:WES) reported Thursday that its earnings per diluted share in the fiscal first half rose to AU$1.294, from AU$1.258 per diluted share a year earlier.

Analysts polled by Visible Alpha were expecting EPS of AU$1.275.

Revenue for the six months ended Dec. 31, 2024, was AU$23.49 billion, up 4% from AU$22.67 billion in the same period last year. Analysts surveyed by Visible Alpha expected AU$23.46 billion.

The diversified industrial firm and retailer expects net capital expenditure of between AU$1.1 billion and AU$1.3 billion for the fiscal year.

The board declared an interim dividend of AU$0.95 per share, up from the AU$0.91 in the previous reported period, payable on April 1 to shareholders on record as of Feb. 26.

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