Wesfarmers Posts 6% Rise In Profit, Declares Special Dividend

Australian firm Wesfarmers

reported a 6% gain in its full-year profit. The company also announced a special dividend of 50 Australian cents per share (US$0.46). Wesfarmers reported its net profit for the year of A$2.26 billion, up from A$2.13 billion, in the year-ago period. However, analysts were expecting a profit of A$2.24 billion. Wesfarmers shares closed at $19.18 yesterday.