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By Echha Jain
(Reuters) -Australian grocer Coles Group reported on Tuesday a 3.6% slide in half-year profit as stock losses and waste hit margins, but the result beat expectations and sent shares on track for their best session in nearly four years.
The company's net profit after tax from continuing operations was A$594 million ($388.36 million) for the six months ended Dec. 31, compared with A$616 million a year earlier, but beat a Jefferies estimate of A$557 million and a Jarden forecast of ...
>>> Read more: Shares in Australian grocer Coles jump on better-than-expected profit
(Reuters) -Australian grocer Coles Group reported on Tuesday a 3.6% slide in half-year profit as stock losses and waste hit margins, but the result beat expectations and sent shares on track for their best session in nearly four years.
The company's net profit after tax from continuing operations was A$594 million ($388.36 million) for the six months ended Dec. 31, compared with A$616 million a year earlier, but beat a Jefferies estimate of A$557 million and a Jarden forecast of ...
>>> Read more: Shares in Australian grocer Coles jump on better-than-expected profit
