«

»

Aug 25 2016

Woolworths Australia reports a record annual loss of A$1.23bn


Woolworths, Australia’s biggest supermarket chain, has reported a record annual loss of $1.23 billion

However, Woolworths appears to have actually made a profit of $0.6bn, with the loss being created by the A$1.8bn write off from its decision to close its Masters hardware stores in December.

Woolworths has confirmed it will close all the stores of its failed home-improvement chain Masters in December.
www.abc.net.au

In 2015 the company made $2.15 billion after tax in the 12 months to the end of June.






1 - 16

Win a Luxurious home in Australia with Hometown Prize Draws.

For Books with Free Delivery to Australia, look at: BookDepository UK and USA

Leave a Reply to this Posting, but no links please.