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Wesfarmers reports strong first-half profits, led by Bunnings and Kmart, with a big dividend hike.
Wesfarmers, the parent company of Kmart and Bunnings, reported a strong first-half performance with a 2.9% increase in net profit to $1.5 billion and 3.6% revenue growth to $23.5 billion.
Bunnings and Kmart Group led the growth, with Bunnings' revenue up 3.1% to $10.3 billion and Kmart's sales increasing 2% to $6.2 billion.
The company announced a 4.4% hike in its interim dividend to 95 cents per share, payable on April 1, 2025.
Despite challenges, Wesfarmers remains optimistic about its New Zealand market and plans to wind down its e-commerce platform, Catch.
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Wesfarmers reporta fuertes ganancias en la primera mitad, lideradas por Bunnings y Kmart, con una gran subida de dividendos.