Thursday, February 17, 2011

Australia's Wesfarmers beats forecasts, shares jump

Wed Feb 16, 2011 7:59pm EST


* H1 profit A$1.173 bln vs A$1.15 bln analysts' view

* Sees tight coal supplies boosting prices in H2 * Shares up 2.7 pct to 31-month high

(Adds details, updates shares) MELBOURNE, Feb 17 (Reuters) - Australian coal-to-retail
conglomerate Wesfarmers beat analyst forecasts with a
33 percent rise in first-half earnings on Thursday, but warned
that tough competition among retailers could affect the
second-half. Its shares jumped

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