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Woolworths‘ price hike hint after profit dive

Woolworths‘ price hike hint after profit dive

Australia’s largest supermarket retailer, Woolworths, has posted a $1.62 billion after-tax profit for its continued operations in the 12 months to June, up 4.6 per cent. But the results also revealed a 79.6 per cent drop in full-year profits to $1.6bn due to the sale of Endeavour Group, the firms’ drinks and hospitality arm, which...