WES News: Wesfarmers first-half profit dives as Omicron disrupts business - 17th Feb 2022, 8:45am

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(Reuters) - Australian retail conglomerate Wesfarmers Ltd on Thursday posted a 14.2% drop in first-half profit due to COVID-19 curbs and supply chain disruptions, and warned issues including labour constraints will persist in the second half.

Last month, Wesfarmers flagged that a wave of Omicron infections in the country reduced physical traffic at its stores, weakening retail trading at its Kmart Group and Officeworks divisions.

The Perth-based conglomerate's half-year net profit after tax fr...

>>> Read more: Wesfarmers first-half profit dives as Omicron disrupts business
 
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