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Coles Sales Rise a Positive For Owner Wesfarmers

Wesfarmers Ltd. (WES), said sales Coles’ revenue rose 5.5 percent to $7.4 billion in the three months ended June 27 from $7.1 billion a year earlier. Full year sales at the unit rose 4.3 percent to $29.8 billion.

The gain is a sign that Coles are helping reverse market share losses.

The company reports annual profits on 19 August.
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