SYDNEY: Woolworths Group announced a A$2bil (US$1.5bil or RM6.09bil) share buyback yesterday and reported a 20% jump in annual profit as lockdowns sparked demand for household essentials.
Australia’s biggest supermarket chain also said it had recorded strong sales growth so far in the new fiscal year as a return to lockdown in parts of Australia and New Zealand once again prompted people to stock up on essentials.
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