AUSTRALIA: Coles Myer Sees Clothing Upturn, A$354m Profit
Australia's largest retailer Coles Myer met analysts' expectations with a profit of A$354m ($193m) for the 12 months to 28 July 2002, a rise of 6.2 per cent, the company said yesterday. Sales were 8 per cent ahead to A$25.5bn. Last year's net profit was A$150.8 million.