Woolies defies critics with profit guidance

Original article by Andrew Fraser
The Australian – Page: 21 : 28-Nov-14

The stock of retailing sector group Woolworths on 27 November 2014 closed 2.16% higher at $A31.75, following comments made by chair Ralph Waters at its AGM. He told investors that the company was maintaining its forecast of 2014-15 net profit growth between 4% and 7%. CEO Grant O’Brien also noted the improving performance of the Dan Murphy’s liquor stores chain, Masters hardware joint venture and New Zealand supermarkets division. Waters sought to discount the competitive threat potentially posed by rival Aldi

CORPORATES
WOOLWORTHS LIMITED – ASX WOW, MASTERS HOME IMPROVEMENT AUSTRALIA PTY LTD, DAN MURPHY’S, ALDI STORES SUPERMARKETS PTY LTD, COSTCO WHOLESALE CORPORATION, TESCO PLC, J SAINSBURY PLC, STANDARD AND POOR’S ASX 200 INDEX

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