By David Winning
SYDNEY--Coles Ltd. reported a 2.8% rise in annual profit as it continued to benefit from shoppers spending more in its supermarkets during the Covid-19 pandemic.
Coles reported a net profit of 1.01 billion Australian dollars (US$745 million) for the 12 months through June 27, compared to a A$978 million profit a year earlier. Annual revenue rose by 3% to A$38.93 billion.
Directors of the company declared a final dividend of 28 Australian cents per security, bringing the full-year payout to 61 cents.
Write to David Winning at david.winning@wsj.com
(END) Dow Jones Newswires
08-17-21 1911ET