AUSTRALIA'S WOOLWORTHS LIFTS YR EARNINGS FORECAST.

AsiaPulse News,  February, 2003  

Tags: earnings forecast, Woolworths

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SYDNEY, Feb 24 Asia Pulse - Woolworths Ltd (ASX:WOW), Australia's largest supermarket group, has raised its annual earnings forecast after posting a strong increase in first half profit.

Woolworths also said sales for the first five weeks of the second half remained strong and announced a $A500 million ($US298.15 million) to $A600 million ($US357.78 million) share buyback.

The retailer reported a 17 per cent increase in first half net profit to $A372.1 million ($US221.88 million), in line with analysts' expectations.

"Strong growth in sales and profit reflected clear customer acceptance of the Woolworths offer of ...