Wesfarmers: Interim result 2015

Wesfarmers has done a great job with Coles and Bunnings and this was borne out in its latest results; there's likely more to come, but this is borne out in its valuation.

Was Richard Goyder right to buy Coles Group seven years ago? Wesfarmers’ latest half-year results suggest the answer is a resounding ‘yes’. The company’s original businesses – with the noteworthy exception of Bunnings – produced interim profits that might charitably be described as ‘uninspiring’.

Just 9% of earnings came from the company's Resources, Chemicals, Energy, Fertilisers, Industrial & Safety businesses. Between them, Coles and Bunnings produced 72%, while the remaining retail businesses accounted for 19%.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles