COL coles group limited.

News: COL Australia's Coles first-half profit falls 2%

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    Feb 22 (Reuters) - Australia's second-largest supermarket chain Coles Group (COL) on Tuesday reported a 2% drop in first-half profit, as pandemic-induced costs offset earnings from consumers stocking up on essentials during Omicron-driven COVID-19 lockdowns.

    The company, which operates more than 800 stores in Australia, said half-year net profit after tax was A$549 million ($394.84 million), compared with A$560 million a year ago.

    ($1 = 1.3904 Australian dollars)

 
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