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.
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(END) Dow Jones Newswires
February 23, 2021 16:52 ET (21:52 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.