Wesfarmers profit up 28pc as coal and Bunnings counter weaker Coles – The Australian Financial Review
Wesfarmers increased its final dividend 26 per cent after underlying net profit rose 27.6 per cent to $2.87 billion in 2017, the strongest growth since 2009, as surging coal prices and market share gains at Bunnings countered weaker earnings at Coles. The result, which was marginally below consensus forecasts around $2.88 billion, highlighted the benefit…