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By Byron Kaye and Harish Sridharan
(Reuters) - Australian conglomerate Wesfarmers Ltd, owner of the country's no. 1 hardware chain, reported annual profit fell and warned of "challenging" inflation, but said raw materials prices were down while demand was high for home improvement projects.
The outlook issues on Friday shows a company transitioning from one extraordinary challenge to another: during COVID-19 lockdowns its products were in high demand but trading was disrupted, while it now fac...
>>> Read more: Australia's Wesfarmers posts annual profit dip, but outlook upbeat
(Reuters) - Australian conglomerate Wesfarmers Ltd, owner of the country's no. 1 hardware chain, reported annual profit fell and warned of "challenging" inflation, but said raw materials prices were down while demand was high for home improvement projects.
The outlook issues on Friday shows a company transitioning from one extraordinary challenge to another: during COVID-19 lockdowns its products were in high demand but trading was disrupted, while it now fac...
>>> Read more: Australia's Wesfarmers posts annual profit dip, but outlook upbeat
