Woolies' sales growth beating Coles Myer's.

Australasian Business Intelligence, August, 2005

Byline: Matthew Charles

Aug 22, 2005 (The Advertiser - ABIX via COMTEX) -- Woolworths recorded 12.3 sales growth in 2004-05, in contrast to Coles Myer's mediocre

10.7 growth. The Australian supermarket, liquor and petrol chain made a healthy $A790.5m in profit. Its supermarkets

generated revenue of $A1.1bn, while Woolworths' petrol outlets proliferated across the nation and brought in revenue of $A3.3bn. The company now has 458 petrol stations. Woolworths expects profit growth to continue, and says it has not been badly hit by fuel price rises. However, it expects

slightly slower growth in 2005-06.

Publication Date: 23 August 2005

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