Coles Group (ASX:CGJ) has announced a final dividend of 30 Australian cents per share.

They report a financial year profit after tax attributable to A$1,098 million, compared to A$1,048 million from the previous period.

The company anticipates that COVID-19 will continue to impact both its business and the wider community.

As part of its response, Coles Group is launching its ‘Simplify and Save to Invest Program’.

The program aims to generate in excess of A$1 billion in cumulative savings over the coming four years.

The total supermarket price inflation for the year was reported at 6.7%.

The company also expects the New South Wales CFC to be commissioned with an incremental ramp-up period beginning at the end of the second half of the 2024 financial year.

Coles Group is a prominent Australian supermarket, retail and consumer services chain.