Wesfarmers: Result 2016

A terrible Resources result hurt 2016 profit but, as ever, it was Bunnings to the rescue.

‘Wesfarmers profit plunges 83%’, screamed the headlines. Well yes, but you would have already known the cause from the company's strategy day in June, when management said it would take writedowns on Target and the Curragh coal mine in its 2016 results (see Wesfarmers showcases its strategy on 29 Jun (Hold – $39.36)).

{{content.question}}

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

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles