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Woolworths H1 Net Profit Rises 19%

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Woolworths (OTC: WOLWF) reported a 19% rise in its first-half net profit.

Woolworths' net profit for the period surged to 1.15 billion Australian dollars (US$1.18 billion), from A$966.9 million, in the year-ago period. However, analysts were expecting a profit of A$1.195 billion.

It raised its fiscal 2013 net profit forecast to 4%-6% growth, versus its prior forecast of 3%-6% growth.

Its revenue for the first half climbed 3.2% to A$30.88 billion from $29.91 billion.

Woolworths also announced its plans to pay an interim dividend of 62 Australian cents per share, versus 59 cents per share.

Woolworths shares closed at $35.00 yesterday.

Posted-In: profitEarnings News Guidance

 

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