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By Sameer Manekar
(Reuters) -Australian grocer Coles Group reported a first-half profit in line with market expectations and declared its highest dividend in at least five years on Thursday, helped by the holiday shopping frenzy and a strike at larger rival Woolworths.
Shares of the retailer jumped 4% to an all-time high of A$20.48 per share in early trade, compared with a 0.3% rise in the ASX200 benchmark index as of 2312 GMT.
Underlying earnings at its Supermarkets segment, Coles' biggest m...
>>> Read more: Australia's Coles profit meets Street view, dividend highest in over 5 years
(Reuters) -Australian grocer Coles Group reported a first-half profit in line with market expectations and declared its highest dividend in at least five years on Thursday, helped by the holiday shopping frenzy and a strike at larger rival Woolworths.
Shares of the retailer jumped 4% to an all-time high of A$20.48 per share in early trade, compared with a 0.3% rise in the ASX200 benchmark index as of 2312 GMT.
Underlying earnings at its Supermarkets segment, Coles' biggest m...
>>> Read more: Australia's Coles profit meets Street view, dividend highest in over 5 years
