Woolworths announces profit growth in first half
date:Mar 06, 2014
gs gained through improved productivity in distribution centres as well as in support offices.

EBIT before significant items increased 1.3 per cent to NZ$164.4 million, with the EBIT margin before significant items down 7 bps on the previous half year, impacted by the additional rental expense (net of depreciation savings) following the sale of properties to the SCA Property Group in FY13.

Excluding this, EBIT before significant items increased approximately 6 per cent and EBIT margin before s
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