Woolworths flags 2021 profit rise after Covid-19 hit
20 May 2021 - 08:49
UPDATED 20 May 2021 - 10:39
Retail group Woolworths says it expects profits to rise by at least a fifth in its year to end-June 2021, as it benefits from a better cost structure for its Australian operations and a recovery from the implementation of strict lockdown conditions in 2020.
Headline earnings per share (HEPS) for the group’s year to end-June 27 is expected to be at least 20% higher than the 119.8c per share reported previously, Woolworths said in a trading update...
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