Reported 1 day ago
Wesfarmers, Australia's largest non-food retailer, reported a net profit of A$1.47 billion for the first half of the year, exceeding forecasts. However, CEO Rob Scott cautioned that a weakening Australian dollar and potential tariffs from the U.S. may increase supply costs, potentially leading to inflation. While the company plans to mitigate these pressures, it acknowledged the ongoing challenges in the housing sector and broader economic conditions.
Source: YAHOO