Officeworks tipped for more growth

Original article by Sue Mitchell
The Australian Financial Review – Page: 20 : 18-Sep-18

Wesfarmers’ Officeworks division posted earnings growth of 8.3 per cent in fiscal 2018, with sales rising by 9.1 per cent and return on capital up 13 per cent. MD Mark Ward is upbeat about the outlook for Officeworks, expressing confidence that it can maintain the recent growth momentum. Although Ward will retire in late 2018, Wesfarmers has yet to appoint a successor as it is focused on the upcoming demerger of Coles.

CORPORATES
OFFICEWORKS SUPERSTORES PTY LTD, WESFARMERS LIMITED – ASX WES, COLES SUPERMARKETS AUSTRALIA PTY LTD, AMAZON.COM INCORPORATED, GOOGLE INCORPORATED, ONTHEGO PTY LTD

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s