Wesfarmers Announces A$1.7 Billion Capital Return Amid Strong Earnings

Wesfarmers has unveiled a significant A$1.7 billion capital return to shareholders, following an impressive annual net profit increase of 3.8% to A$2.65 billion. This move, highlighted by a special distribution of A$1.50 per share, reflects the company’s robust financial position and commitment to delivering value to its investors. Alongside this, Wesfarmers declared an increased final dividend of A$1.11 per share, signaling confidence in future growth.