Wesfarmers, the WA-based conglomerate and owner of Bunnings, Officeworks and the Kmart and Target brands reported a 2.9% fall in net profit to $2.35 billion.
The group said the financial results reflect the impact of Covid-19 disruptions seen in the first half of the year; however the brands are rebounding and well positioned for the cost of living crunch.
?In the second half of the year, Wesfarmers delivered strong NPAT growth of 13.1% excluding significant items in the prior period, with trading conditions improving as restrictions were eased?, said Chief Executive Rob Scott.
Wesfarmers declared a final fully-franked dividend of $1 per share, bringing total fully franked ordinary dividends for the year to $1.80 per share.