Australia&#39;s Woolworths second-half profit up
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Australian supermarket giant, Woolworths, beat forecasts on Monday with a 12 per cent rise in second-half profit on vigorous cost savings and its ability to drive margins despite a competitive onslaught.
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SYDNEY (Dow Jones)--Australian retail heavyweight Woolworths Ltd. (WOW.AU) Monday said annual net profit rose 12% to A$731 million, and predicted solid growth this
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The world&#39;s biggest mining group, BHP Billiton, says its second-half net profit has more than doubled on strong demand for industrial raw materials and forecast sustained high prices for commodities.
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MEMPHIS, Tenn. - The FedEx Corp., the delivery giant, reported Thursday its second quarter earnings soared due to a strengthening economy and continued growth in overseas and ground shipping.
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Clothing retailer Talbots Inc. reported a slight rise in second-quarter profit on Wednesday, lifted by an income-tax benefit and higher mail-order sales during the period.
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National Foods Ltd. increased second- half profit by 12 percent as Australia&#39;s biggest fresh milk supplier expanded its range of gourmet foods and sold more Pura Classic and other flavored milk drinks in convenience stores.
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Tabcorp Holdings Ltd.&#39;s second-half net profit rose 28 percent on increased betting on horse races and slot machines, and after extracting more savings from last year&#39;s A$1.
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Woolworths Ltd., Australia&#39;s biggest grocer, increased its offer for Australian Leisure &amp; Hospitality Group to A$1.2 billion ($877 million) to stop rival bidder Coles Myer Ltd.
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NESTLE SA, the world&#39;s biggest food and drink company, posted a modest 2 per cent increase in profits for the first half of the year as it faced such challenges as higher prices for raw materials like milk and coffee as well as cooler temperatures, which ...
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The South Korean consumer electronics and appliances company swung to a profit in the second quarter on strong sales of appliances and premium mobile phones.
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SYDNEY Westpac Banking, Australia&#39;s fourth-largest lender, said Monday that second-half profit rose 16 percent from a year earlier to a record after it loaned more to businesses.
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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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Aug. 19 (Bloomberg) -- Insurance Australia Group Ltd., the nation&#39;s largest auto and home insurer, increased second-half profit fourfold after acquisitions boosted policy sales and higher stock markets fueled income from investments.
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Men's apparel retailer JoS. A. Bank Clothiers Inc. reported Thursday that double-digit same-store sales gains, as well as continued strength in catalog and Internet sales, drove second-quarter earnings up 75 percent to beat Wall Street expectations.
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Coles Myer Ltd., Australia&#39;s biggest retailer, said full-year profit rose 44 percent after boosting sales, cutting costs and increasing earnings at its department stores.
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Australia's largest retailer Woolworths Ltd Tuesday reported a 28 percent rise in first half net profit to a record 695.6 million dollars (552 million US).
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Talbots, the clothing retailer, said yesterday that second-quarter profit rose 4.8 percent as sales increased and the company benefited from the resolution of an income tax issue.