Wesfarmers revises profit guidance

WESFAMERS expects first half 2008-09 net profit to be between $850 million to $880 million, after about $150 million in pre tax provisions and write-downs in the values of some investments. News of the revision sent Wesfarmers shares down 2.86 per cent to close at $16.99 on Wednesday, on an otherwise positive day for the market.

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