The announcement last week by Wesfarmers Ltd of a $447.5 million half-year net profit wasn’t enough to deter industrial analysts from pointing to a lack of growth in the diversified industrialist’s non-energy divisions.

The announcement last week by Wesfarmers Ltd of a $447.5 million half-year net profit wasn’t enough to deter industrial analysts from pointing to a lack of growth in the diversified industrialist’s non-energy divisions.