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flag Wesfarmers reports strong first-half profits, led by Bunnings and Kmart, with a big dividend hike.

flag 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. flag 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. flag The company announced a 4.4% hike in its interim dividend to 95 cents per share, payable on April 1, 2025. flag Despite challenges, Wesfarmers remains optimistic about its New Zealand market and plans to wind down its e-commerce platform, Catch.

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