Wesfarmers: Interim result 2016

Bunnings motored, Coles stalled (sort of), while Resources slumped. It all added up to a flat result for Wesfarmers.

Wesfarmers’ interim result was a tale of two sectors. Decent results from the company’s retail businesses were almost completely offset by a weak performance from its mining-related operations.

So while total revenues increased 5% to $33.5bn, net profit was essentially flat, rising just 1% to $1.4bn (see Table 1). A fully franked dividend of 91 cents was declared (ex date 29 Feb – yes, 2016 is a leap year).



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