Wesfarmers half year result 17 Feb 22: Earnings impacted by COVID store closures

Wesfarmers shares have been sold off after the company reported a 13% fall in first half net profit to $1.21 billion. Earnings at Bunnings fell 1.2%, Kmart earnings dropped 63% while Officeworks earnings declined by 18% amid government-mandated store closures and trading restrictions.

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