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Woolworths and Westfield Earnings Rise |
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Author: 123jump.com Staff
123jump.com
Last Update: 7:39 PM EST February 27 2008
Australia''s biggest retailer, Woolworths Ltd posted first-half net income rise of 28% to $891.3 million in the six months ended Dec. 30 on the back of an 8.6% growth in sales, growth in sales declined from 15.9% in fiscal 2007. Westfield, largest mall operator reported 2007 earnings rose 11.6% on steady rise in retail sales at its locations. NAB hinted that it is pursuing acquisition in the Northwest region of the U.S. |
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