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Woolworths posts profit rise due to elevated sales during the coronavirus pandemic – NEWS.com.au
Woolworths posts profit rise due to elevated sales during the coronavirus pandemic
Woolworths says increased spending on groceries and at-home entertainment during the coronavirus pandemic has boosted its bottom line, allowing it to increase its interim dividend payout to shareholders. The supermarket and retailing giant posted a net profit after tax for the first half of 2021 financial year of $1.135bn, a 28 per cent jump on the same period last year.
Woolworths chief executive Brad Banducci said the first half of the current financial year was still impacted by COVID-19 and…
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