Profit slump for Wesfarmers

WESFARMERS has recorded an expected slump in its half-yearly profit results. The company registered a profit for the first six months to December 31 2006 of $391.9 million, 12.3 per cent less than the corresponding period in 2005, due predominantly to lower export coal prices and increased costs. The company declared a fully franked dividend of 85 cents, a 20 cent increase on the corresponding period.

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