Australia&#39;s Woolworths posts record profit
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Australia&#39;s largest retailer, Woolworths, said Monday its annual net profit jumped 27.5 percent to a record 1.294 billion  dollars (1.026 billion US).
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The profit is a record for Lehman Brothers and potentially augurs a good week for Wall Street earning reports.
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SYDNEY: Australia&#39;s largest investment bank Macquarie Bank Ltd. announced a record first-half profit of 284 million Australian dollars (219 million US), and said its full-year result was also likely to be up.
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Anglo-Australian mining giant Rio Tinto has announced a 43 percent jump in in full-year net profit to a record 7.44 billion US dollars and forecast continued strong demand for commodities.
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MELBOURNE (Dow Jones)--Australia and New Zealand Banking Group Ltd. (ANZ.AU) said Tuesday that the nation&#39;s third-biggest lender still expects to deliver a record profit
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ANZ reported a record rise in post tax operating profit today, announcing a 20 per cent jump to $2.8 billion for the year ending September 2004.
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Australia&#39;s biggest supermarket group, Woolworths Ltd, has won a fierce Aust. $1.33 billion ($1 billion) battle for pubs chain ALH on Tuesday, beating out rival Coles Myer Ltd which has conceded defeat.
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Anglo-Australian mining giant BHP Billiton on Wednesday announced Australia&#39;s biggest ever annual net profit, US$3.51 billion (euros 2.84 billion), thanks to soaring demand.
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Australia&#39;s biggest retailer, Coles Myer, beat its forecasts with a 26.5 per cent rise to record annual profits and said it was on track to meet profit growth forecasts for the next two years.
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SYDNEY: Australian retailer Woolworths Ltd has upped the stakes in the bidding war for ALH Ltd. offering more money than giant rival Coles Meyer did last week but then giving the pub and liquor store group just over four hours in which to accept.
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Royal Ahold, the Dutch supermarket operator that owns Giant Food, reported record quarterly earnings yesterday on gains from the sale of its U.S. Foodservice division in Columbia.
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Archer Daniels Midland posted a record quarterly profit on higher selling prices for ethanol and corn sweetener.
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WOOLWORTHS has bounced back from its 12-month sales slump, yesterday producing a better than expected lift in food and liquor sales as it appeared to win customers away from rival Coles Myer in Victoria.
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SYDNEY Australia &amp; New Zealand Banking Group said Tuesday that second-half profit rose 17 percent to a record after it bought New Zealand&#39;s biggest bank and raised lending to businesses as they increased investment.
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Australia&#39;s commodity exports are expected to soar to a record 96 billion Australian dollars (US$67 billion) in the current financial year, a national forecaster said in a report Monday.
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Anglo-Australian mining giant Rio Tinto posted a record interim net profit of 3.75 billion US dollars and reported strong ongoing demand for its products.
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Westpac Banking Corp., Australia&#39;s fourth-largest bank, has posted a 16 percent rise in full-year net profit on stronger housing and business lending, and forecast 2005 earnings growth near the top of the sector.