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%.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've 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 activate your membership

If you didn't receive SMS code please

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 unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles