Coles Myer

PUBLISHED : Friday, 11 March, 1994, 12:00am
UPDATED : Friday, 11 March, 1994, 12:00am
 

AUSTRALIA'S biggest retailer, Coles Myer, said its first-half net profit rose 3.6 per cent over last year, reflecting a 2.9 per cent rise in sales.


The company said its profit rose to A$245.1 million (about HK$1.35 billion) in the six months ended January 23.


The company declared a fully franked interim dividend of 11 cents, unchanged from a year earlier.


Fully franked means that the full corporate tax rate has been paid.


Coles Myer earlier said half-year sales were dampened by sluggish growth in its department stores.


The company's sales growth compares with a gain of 12.2 per cent in half-year sales at the nation's second biggest retail group, Woolworths Ltd.


Woolworths is not part of the United States company of the same name.


Share

 

Send to a friend

To forward this article using your default email client (e.g. Outlook), click here.

Coles Myer

Enter multiple addresses separated by commas(,)

For unlimited access to:

SCMP.com SCMP Tablet Edition SCMP Mobile Edition 10-year news archive