Wesfarmers FY12 Net Profit Rises 11%

Wesfarmers Ltd

reported an 11% rise in its net profit for fiscal 2012. Wesfarmers' net profit for the period climbed to 2.13 billion Australian dollars (US$2.24 billion). However, analysts were expecting a net profit of A$2.10 billion. Wesfarmers also announced a final dividend of 95 Australian cents per share, versus 85 Australian cents per share, in the year-ago period. Wesfarmers shares fell 0.35% to close at $17.02 yesterday.