Woolworths Group FY Profit Drops; Declares Special Dividend
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Woolworths Group Limited (WOW.AX) reported a 93.3% decline in net profit after tax to A million for the year ending June 30, 2024. Significant items totaled A.603 billion, including an impairment in New Zealand Food. Annual sales increased by 5.6% to A.92 billion, with all segments except BIG W showing growth. A final ordinary dividend of 57 cents per share was declared, along with a special dividend of 40 cents per share. The Group anticipates improved sales momentum in fiscal 2025 and plans further investment in its supply chain.
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