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<WIRE> Wesfarmers (ASX:WES) Jumps Following Strong Annual Results



Shares of Wesfarmers (ASX:WES) saw a significant rise of as much as 3.3%, reaching A$51.07, marking its potential best day of trading since February 16.

The stock even attained its highest level since August 15.

The Australian retail titan reported a full-year net profit after tax of A$2.47 billion, versus the average analyst estimates of A$2.45 billion as stated by Visible Alpha.

Wesfarmers (ASX:WES) also reported an 18.2% increase in full-year revenue and declared a final dividend of A$1.03 per share.

The company’s shares are up 7.7% year-to-date, as of the last close.

Wesfarmers (ASX:WES) is an established Australian retail giant involved in various business operations including supermarkets, department stores, home improvement and office supplies.


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