Woolworths Profit Jumps 18 Percent to $1.1 Billion

Australia’s largest supermarket chain, Woolworths, announced an 18.1% increase in full-year net profit, reaching over $1.1 billion. The company’s shares climbed on the Australian Stock Exchange following the announcement. CEO Amanda Bardwell attributed the sales momentum, especially in the second half of the financial year, to enhanced customer service, reduced prices, and improved execution.

• Woolworths reported an 18.1% rise in full-year net profit to over $1.1 billion.
• Shares increased by approximately 4.7% on the Australian Stock Exchange (ASX).
• CEO Amanda Bardwell highlighted improved customer service, lower prices, and better execution as drivers of sales momentum.