Coles bags huge profit
Coles lifted earnings before interest and tax 7.1 per cent to $895 million for the six months to December 31, with food and liquor sales up 5.3 per cent.
Meanwhile, parent company Wesfarmers recorded a 3.7 per cent slide in its net profit to $1.38 billion, though the result was weighed down by the sale of its insurance business.
Wesfarmers lifted its fully franked interim dividend four cents to 89 cents per share.
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