Companies / Australia
Woolworths Shares Lift On Strong Final Quarter
July 2008 | Company Finance AlertAustralian grocery retail market leader Woolworths has pleased investors by maintaining its FY08, ending June, profit forecast of net profit growth of 21-25%. As consumer confidence languishes at a 16yr low, resulting in low discretionary spending and a reduction in the value of essential consumer spending, Woolworths managed to achieve Q408 sales growth of 7.5%
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