Wesfarmers Reports 23% Rise In Profit

Wesfarmers Ltd (OTC: WFAFY) reported a 23% surge in its full-year profit. Wesfarmers' net profit for the period climbed to 1.92 billion Australian dollars ($2.03 billion), from A$1.57 billion, in the year-earlier period. However, analysts were expecting a net-profit of A$1.88 billion. Wesfarmers shares gained 0.95% to $15.98 in after-hours trading.
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