SYDNEY/BENGALURU (Reuters) – Top Australian grocer Woolworths Group Ltd (WOW.AX) said on Thursday annual profit dipped as coronavirus-induced shutdowns wiped out sales of its pubs unit, but an extended upsurge in supermarket sales boosted its shares. FILE PHOTO: People walk past a Woolworths supermarket in Sydney, Australia, June 16, 2020. […]
Woolworths
Despite suffering the initial impact of COVID-19 due to stock capacity issues, Woolworths has reported online sales through WooliesX, the digital arm of its business, grew strongly for the full year ending 28 June 2020. The company reported e-commerce sales grew by 43% on a normalised basis from AU$1.4 billion […]
Wooolworths released its financial results for the 2020 financial year. It reported a 21.1% drop in profit after tax across its continuing operations. The company’s profit losses were partially attributed to the government’s closure of pubs and hotels during the earlier months of the coronavirus pandemic. Visit Business Insider Australia’s […]