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By Byron Kaye and Roushni Nair
(Reuters) -Australia's biggest listed conglomerate Wesfarmers Ltd booked a better-than-expected interim profit as a post-lockdown rebound at its Kmart chain offset a sluggish performance from its hardware stores, sending its shares higher.
The result from Australia's 12th-largest company by market capitalisation showed the benefit of a diversification strategy spanning pharmacies to industrial fertiliser as surging materials costs, rising interest rates and persi...
>>> Read more: Out of lockdown, Kmart pushes Australia's Wesfarmers to higher profit
(Reuters) -Australia's biggest listed conglomerate Wesfarmers Ltd booked a better-than-expected interim profit as a post-lockdown rebound at its Kmart chain offset a sluggish performance from its hardware stores, sending its shares higher.
The result from Australia's 12th-largest company by market capitalisation showed the benefit of a diversification strategy spanning pharmacies to industrial fertiliser as surging materials costs, rising interest rates and persi...
>>> Read more: Out of lockdown, Kmart pushes Australia's Wesfarmers to higher profit
