Business
‘Structured’ return to normality needed in Victoria, says Woolworths boss – Sydney Morning Herald
The supermarket giant has trimmed its dividend and seen net profit slip as COVID-19 safety measures increased its costs and lockdowns hurt its pubs and pokies.
“In terms of what happens next, we hope there is a very structured, step-based approach to getting back to normality.”
Mr Banducci added that he would prefer to see stage four restrictions lifted sooner rather than later, noting it would be more positive for the broader economy.
While the retailer has done well during the lockdown, it’s net profit from continuing operations slipped 21.8 per cent to $1.16 billion over the financial year. This was due to nearly $600 million in significant one-of…
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