ASX Blue Chip Stock at Multi Year Low Evoking Buying Interest

ASX Blue Chip Stock at Multi Year Low Evoking Buying Interest

Veye - Between Bulls & Bears Veye - Between Bulls & Bears

Veye - Between Bulls & Bears

Between Bulls & Bears

发布日期: 2025年3月18日
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The largest ASX 200?consumer share hit a near six-year low last week. Being one of the high quality dividend paying stocks, investors have started showing some interest as indicated by volume profile.

Woolworths Group Limited (ASX: WOW)

Woolworths Group has reported its half-year financial results for the period ending January 5, 2025, showing a 3.7% increase in group sales to $35.9 billion. However, group EBIT declined by 14.2%, primarily due to a 12.8% drop in Australian Food EBIT, impacted by industrial action, supply chain costs, and promotional investments. Excluding one-off disruptions, Australian Food EBIT would have declined by around 5%, reflecting increased costs and shifting customer preferences towards value-oriented products.

Read More - https://veye.com.au/editorial


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