AUSSIE CHAIN SHOWS STRONG RESULTS IN TOUGH TIMES

SYDNEY, Australia (FNS) -- Woolworths here said it boosted profits by 12% to $167 million on sales of $4.9 billion (up 11%) in the half-year ended Jan. 7.The company, Australia's largest food retailer, said the improved results came despite relentless competitive pressures, a weaker Australian dollar and the impact of the new goods and services tax.Roger Corbett, Woolworths' chief executive officer,

SYDNEY, Australia (FNS) -- Woolworths here said it boosted profits by 12% to $167 million on sales of $4.9 billion (up 11%) in the half-year ended Jan. 7.

The company, Australia's largest food retailer, said the improved results came despite relentless competitive pressures, a weaker Australian dollar and the impact of the new goods and services tax.

Roger Corbett, Woolworths' chief executive officer, said the company continues in good health, with sustained sales and market s

Register to view the full article

test - Advanced Registered User

Already a member? .