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(Reuters) -Woolworths Group Ltd on Wednesday posted a 21% drop in half-year profit, as pandemic-induced costs offset earnings from consumers stocking up on essentials during long spells of lockdowns and restrictions.
Woolworths and its smaller rival Coles Group collectively sell about two-thirds of the country's groceries and have benefited heavily from people stocking up pantries for essentials during the various stages of lockdowns.
However, with surging COVID-19 cases across the country, Wo...
>>> Read more: Woolworths' half-year profit plummets as COVID expenses rise
Woolworths and its smaller rival Coles Group collectively sell about two-thirds of the country's groceries and have benefited heavily from people stocking up pantries for essentials during the various stages of lockdowns.
However, with surging COVID-19 cases across the country, Wo...
>>> Read more: Woolworths' half-year profit plummets as COVID expenses rise
