Business
Wesfarmers’ first-half profit increases by 3%
Wesfarmers said that the jump in half-year profit was driven by strong retail performance. Its chemicals, energy, and fertilizer unit saw a 21% drop in revenue.
Wesfarmers said that the jump in half-year profit was driven by strong retail performance. Its chemicals, energy, and fertilizer unit saw a 21% drop in revenue.
The company said that EBITDA, excluding one-off items, came to $586mn in Q4 2023, down from almost $1.07bn in Q4 2022.
Omnia Holdings attributed its fall in profits to sharp fall in fertilizer prices.