Strong Financial Performance
Wesfarmers reported a net profit after tax of $1.5 billion, an increase of 2.9%, with a fully franked dividend of $0.95 per share, up 4.1% from the prior period.
Bunnings and Kmart Group Growth
Bunnings and Kmart Group both contributed significantly to earnings growth, with Bunnings' sales increasing by 3.1% and Kmart Group's earnings rising by 7.2%.
Portfolio Management Success
The sale of Coregas for $770 million and the wind down of Catch were highlighted as strategic moves to enhance shareholder returns.
Environmental and Community Contributions
Wesfarmers achieved a 2.5% reduction in Scope 1 and 2 emissions and contributed $55 million to community organizations.
Progress in Health and Digital Initiatives
Encouraging progress in the Health division's Consumer segment and ongoing investments in the OneDigital platform were noted as key growth areas.