(Adds details on results)
Aug 24 (Reuters) - Australia's Coles Group (COL) posted a 4.3% rise in annual profit on Wednesday, boosted by online sales as people stocked up on essential items during extended lockdowns in the first half of the year.
The country's No. 2 grocer said sales at Supermarkets, its main unit, came in at A$34.62 billion even as it faced store closures, supply problems owed to floods and widespread staff absenteeism due to the Omicron COVID-19 outbreak.
The unit had reported sales of A$33.87 billion a year earlier.
The more than 100-year-old, Melbourne-based retailer incurred A$240 million in COVID-related costs, compared to about A$130 million last year.
Coles reported a net profit after tax of A$1.05 billion ($727.34 million) for the year ended June 30, compared with A$1.01 billion a year earlier.
($1 = 1.4436 Australian dollars)
News: COL UPDATE 1-Australia's Coles posts higher annual profit as online sales jump
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Last
$23.88 |
Change
0.120(0.51%) |
Mkt cap ! $32.03B | |||
| Open | High | Low | Value | Volume |
| $23.94 | $24.00 | $23.82 | $37.33M | 1.561M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2502 | $23.86 |
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| Price($) | Vol. | No. |
|---|---|---|
| $23.90 | 400 | 1 |
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