EBIT
Australian company Wesfarmers (WES) is expecting a 74 per cent fall in the first half earnings of its insurance division due to the natural disasters that hit Australia.
Wesfarmers (WES), an Australia based company that concentrates in the resource, retail, chemical and insurance business has posted a 1 percent first-half profit growth after the company’s Target divisions and Kmart went for offsetting $662 million fall in the earnings of its coal business. According to the Wesfarmers chief executive Richard Goyder, the result displayed a clear benefit of having a diversified business plan.
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