Supermarket Coles reports net profit up $1.1 billion | ABC News [Video]

Australia’s second-largest grocer says the result was bolstered by strong growth in its supermarket sales volumes, and improved inventory management that effectively mitigated theft-induced stock losses.
The results come as Australians grapple with rising prices amid the cost of living crisis.
Read more: https://www.abc.net.au/news/2024-08-27/asx-markets-business-news-live-updates/104272052

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