SYDNEY: Australia's second-largest supermarket chain Coles Group COL.AX on Tuesday posted better-than-expected first-half profit, as it controlled pandemic costs and its earnings were boosted by lockdown-induced consumer spending.
Its shares rose 2% to A$17.05 in early trading, as it also said its expenses had moderated lately after it shelled out A$30 million ($21.6 million) in COVID-19 costs in January.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!