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Woolworths 1st Half Net Profit Rises Amid Pandemic

   By Mike Cherney 
 

SYDNEY--Australian grocer Woolworths Group Ltd. said net profit rose in its fiscal first half, as the company continued to benefit from consumers spending more time at home amid the coronavirus pandemic.

Woolworths said net profit was about 1.1 billion Australian dollars (US$870 million), a 28% increase. Revenue rose nearly 11% to about A$35.8 billion.

The company declared an interim dividend of 53 Australian cents per share.

 

Write to Mike Cherney at mike.cherney@wsj.com

 

(END) Dow Jones Newswires

February 23, 2021 16:52 ET (21:52 GMT)

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