Woolworths reports its annual profit rose slightly despite product shortages caused by floods in NSW and Queensland earlier this year, and COVID-19 outbreaks leading to a surge in sick workers taking days off.
abc.net.au/news/woolworths-annual-profit-covid-19-outbreaks-supply-shortages/101370054Woolworths has reported its annual profit rose slightly despite product shortages caused by floods in NSW and Queensland earlier this year, and COVID-19 outbreaks leading to a surge in sick workers taking days off.
The retailer's net profit from continuing operations rose 0.7 per cent to $1.51 billion — a result which fell "below our aspirations", according to its chief executive Brad Banducci.However, that figure was inflated by Woolworths splitting off its liquor business Endeavour Group into a separate company.It will pay shareholders a final dividend of 53 cents per share.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Live: NSW now: Further industrial rail action expected to cause delays across suburban linesIt will be yet another day of disruption across Sydney's rail network, with reduced services across all suburban lines.
Read more »
Sydney shivers and heavy snowfall covers parts of NSW in last days of winterParts of New South Wales have received a dumping of snow, just days before winter is officially over.
Read more »
Dua's death a 'horrifying example' of pressure facing NSW health system, Labor saysDua Ali's death at a Sydney hospital has left her family seeking answers — and Labor says it's evidence of a health network in 'crisis'.
Read more »
‘Astonishing number’: $8b black hole in NSW budget as big build spending delayedTreasury officials confirmed that more than 20 per cent of the committed $30 billion worth of capital expenditure would not be spent and that the shortfall figure, revealed in a budget paper footnote, was the highest ever.
Read more »
Poor mental health could result in $7.4bn in lost productivity in NSW, report findsExclusive: Research shows increase in depression and anxiety could result in hit on economy by 2025
Read more »