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Wesfarmers H1 Profit Rises 9.3%


Wesfarmers (OTC: WFAFY) reported a 9.3% rise in its first-half net profit.

Wesfarmers' net profit for the period surged to 1.29 billion Australian dollars (US$1.34 billion), from A$1.18 billion, in the year-ago period. However, analysts were expecting a profit of A$1.26 billion.

Wesfarmers announced its plans to pay an interim dividend of 77 Australian cents per share, versus 70 Australian cents per share in the previous year.

Wesfarmers shares closed at $19.76 yesterday.


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