CAPITAL MARKETS

Wesfarmers reveals first half profit

COAL miner and retail giant Wesfarmers expects a net profit of $A850-880 million for the first half of 2008-09, after about $150 million in pre-tax provisions and write-downs in some investment values.

Angie Tomlinson

Wesfarmers reveals first half profit

The news means the company may have to cut dividends in the 2009 financial year with the group's full year outlook dependent on coal price negotiations and sale volumes, retail trading conditions and general...

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