Australian conglomerate Wesfarmers' annual profit rises over 8%

WESFARMERS

26/08/2026 22:58

Aug 27 (Reuters) - Australia's biggest non-food retailer Wesfarmers WES.AX reported an 8.3% rise in its full-year profit on Thursday, helped by strong performances at its hardware unit Bunnings and its budget department store chain Kmart Group.
The apparel-to-lithium conglomerate's net profit after tax excluding significant items came in at A$2.87 billion ($2.06 billion) for the full year ended June 30, compared with A$2.65 billion last year, beating a Visible Alpha consensus estimate of A$2.84 billion.

 ($1 = 1.3945 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru; Editing by Joyjeet Das)
 ((Shivangi.Lahiri@thomsonreuters.com;))