Woolworths lifts FY profit
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Woolworths (WOW) expects ongoing consumer caution to keep retail conditions subdued in the year ahead, but is confident of growing its profit by between four and seven per cent after a solid lift in fiscal 2013.
In the year to June 30, Woolworths posted a net profit of $2.26 billion, a 24.4% increase on the $1.82 billion recorded in 2012.
In the same period total revenue was $59.6 billion, a 4.4�nt boost on the previous year.
The group will pay a fully-franked final dividend of 71 cents.
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