Aug 27 (Reuters) - Australia's Coles Group (COL) reported a 2.1% rise in annual profit on Tuesday, bolstered by strong growth in its supermarket sales volumes, and improved inventory management that effectively mitigated theft-induced stock losses.
The country's second-largest grocer reported a net profit after tax from continuing operations of A$1.13 billion ($765.01 million) for the year ended June 30, compared with A$1.04 billion a year earlier. That beat a Visible Alpha consensus estimate of A$1.08 billion.
($1 = 1.4771 Australian dollars)
Aug 27 (Reuters) - Australia's Coles Group (COL) reported a...
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