COL coles group limited.

News: COL Australia's Coles posts flat half-year earnings

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    Feb 18 (Reuters) - Australia's second-biggest grocery chain, Coles Group Ltd (COL) , posted near-flat half-year earnings on Tuesday, as strong holiday-season sales at its supermarkets were overshadowed by margin pressure at its liquor division.

    Earnings before interest and tax for the 27 weeks ended Jan. 5 came in at A$725 million ($486.6 million), compared with A$722 million ($484.6 million) a year ago, the company said in a statement.

    Coles declared an interim dividend of 30 Australian cents per share, its first half-year dividend since it was spun off from retail conglomerate Wesfarmers Ltd (WES) in late 2018. ($1 = 1.4899 Australian dollars)

 
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