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Home>Wesfarmers Net Profit Falls on Writedowns

Wesfarmers Net Profit Falls on Writedowns

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Wed, 24 Aug 2016

By Rebecca Thurlow SYDNEY--Net profit at Australia's biggest conglomerate Wesfarmers Ltd. (WES.AU) tumbled 83% as it wrote down the value of a budget department store and a coal mine. Perth-based Wesfarmers, which also owns Australia's biggest supermarket chain, Coles, on Wednesday reported a net
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