Wesfarmers is one of Australia's largest employers and has a shareholder base of approximately 500,000.
Over 200,000 employees Revenue | 62,348 | 59,832 | 58,080 | 54,875 | 51,827 | Total liabilities | 13,740 | 17,133 | 16,685 | 15,485 | 14,542 | Operating cash flows | 3,226 | 3,931 | 3,641 | 2,917 | 3,327 |
Underlying sales revenue was up 4 per cent to $32 billion.
The Coles supermarket chain saw earnings (before interest and tax) increase 7.1 per cent to $895 million
Bunnings earnings increased 10 per cent to $618 million, while Officeworks earnings were also up 10 per cent to $50 million.
Why did you choose this company? What do you know about the company and its business? (Include results of your research)
Wesfarmers limited is one of Australia’s largest organisations, this is respectively due to its 200,000 employees, international operations and shareholder base of approximately 500,000. Wesfarmers Ltd has ownership of several of Australia’s and New Zealand’s largest organisations, these include but are not limited to Coles, Officeworks, Bunnings, Target, Kmart, NZ Safety and Safety Source.
During the last reporting period the Coles supermarket chain saw earnings (before interest and tax) increase 7.1% to $895 million. Similar to the increase in earnings of Coles are home improvement giants Bunnings who have reported an earnings increase of 10% to $618 million. An increase of 10% was also seen with office suppliers Officeworks who also reported a 10% increase in earnings to $50 million.
As a result of these figures and the projected finances of Wesfarmers Ltd it is a obvious decision to invest in this ever growing organisations.