date:Mar 06, 2014
gulatory changes which cycled in August and provided an uplift to sales and profitability in the prior year and part of the first quarter.
CODB as a percent of sales decreased 179 bps on the prior half year attributable to strategic initiatives to improve efficiency in venues and the cycling of business acquisition costs in the prior year.
As a result, Woolworths said EBIT increased 16.4 per cent on the previous half year to $163.9 million. Woolworths said results from the hotels acquired as p