Australia's Woolworths H1 profit rises

Fri, 28 Feb - 9:20am

SYDNEY, Aug 28 (Reuters) - Australia's largest supermarket chain Woolworths Ltd nudged up its full year guidance after topping expectations with a 14.5 percent rise in first half net profit.

Net profit for the six months ended Jan. 5 rose to A$1.32 billion ($1.18 billion) from A$1.22 billion a year ago, the company said in a statement.

Woolworths said it now expected full-year net profit after tax from continuing operations to rise 5-7 percent, from an earlier range of 4-7 percent. ($1 = 1.1169 Australian dollars)

(Reporting by Lincoln Feast; Editing by Paul Tait)

((maggie.luyueyang@thomsonreuters.com)(+61 2 93731819)(Reuters Messaging: maggie.luyueyang.thomsonreuters.com@reuters.net))

Keywords: AUSTRALIA WOOLWORTHS/EARNINGS

URN: 
urn:newsml:reuters.com:20140227:nL3N0LW6B4:2
Topics: 
RET RES FDRT CYCS AU CMPNY ASIA SHOP DEAL1 RFOD LEN MRG RTRS BACT DIV RESF NCYC

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