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Woolworths H1 Profit Rises

Woolworths Group Limited (WOW.AX), an Australian chain of supermarkets and grocery stores, on Wednesday posted a rise in its earnings for the first half of the current fiscal.

Net post-tax profit after significant items for the first half was reported at A$7.06 billion or 571 cents per basic share, compared with A$1.13 billion or 90.5 cents per basic share, reported for the first half of 2021.

The Group's EBIT for the 27-week period was reported at A$7.62 billion as against A$2.09 billion reported last year. EBIT before significant items was recorded at A$1.38 billion, a decline of 33.9 percent.

For the first six-month period of 2022, the Australian firm reported a fall in its total Group sales by 11.1 percent to A$31.89 billion.

Woolworths has declared an interim dividend of 39 cents, excluding the 13 cents related to Endeavour Group.

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