** 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))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.