- published: 23 Apr 2014
- views: 405
Wesfarmers Limited is one of Australia's largest public companies and one of Australia's largest retailers. Its headquarters are in Perth, Western Australia.
Wesfarmers is the largest private employer in Australia, with approximately 205,000 employees across the country. It announced a record net profit of $1.05 billion for 2006 with operating costs of $8.9 billion (prior to its takeover of the Coles Group).
Westralian Farmers Limited was formed in 1914 as a cooperative company by the Farmers and Settlers' Association of Western Australia, to acquire the assets of the West Australian Producers' Union, to be focused on the provision of services and merchandise to the Western Australian rural community.
It was involved in the operations of the Cooperative Wheat Pool of Western Australia.
In 1924, it established the first public radio station in Western Australia with 6WF before it passed into the hands of the Australian Broadcasting Corporation in 1929.
By the 1940s the company's work included "being wheat and general merchants; country distribution for Commonwealth Oil Refineries Ltd; wool, live stock, skin and produce auctioneers; grain & fruit exporters; insurance underwriters; acquiring agents for the wheat pool of W.A." Known as Westralian Farmers Limited, it had premises in various locations within the Perth central business district. In the 1940s there were premises at 563-571 Wellington Street. They also had premises at Newman Street in Fremantle.
Wesfarmers profit explained in one minute.
CEO of Wesfarmers Richard Goyder talks to Narelle Hooper during the 'Meet the CEO' event for the Australian School of Business at the University of New South Wales. The Australian School of Business' Meet the CEO series is a flagship event. The guests are interviewed by Narelle Hooper from AFR Boss Magazine. It is initiative of the School's Advisory Council, the series provides guests with a unique opportunity to hear from some of the leading names in business and government.
Managing Director Richard Goyder AO discusses the 2015 full-year results for Wesfarmers
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Richard Goyder, Managing Director, Wesfarmers shares his insights on key issues in and around the global economy. Read the full Australian analysis of PwC's 19th Annual Global CEO Survey: http://www.pwc.com.au/ceosurvey2016
Wesfarmers (WES) has posted an in-line with consensus 9.3% drop in annual profit to $2,440m. The result was driven by Coles and held back most by the sale of its insurance business (which added more than $1bn to the FY14 result). For more Reporting Season coverage, please visit https://www.commsec.com.au/reportingseason
Wesfarmers is the largest private employer in Australia, and operates a range of companies across diverse industry sectors including agriculture, retail, resources and insurance. In this video, Genevieve Hawkins, General Manager of Group TeamCover, describes the range of strategies Wesfarmers uses to promote the mental health and productivity of its workforce.
Woolworths or Wesfarmers? How Australia's two of Australia's leading retailers go head to head. Philip Parker, Chairman of Altair Asset Management, says despite the difficulties in analysing the Wesfarmers' model they continue to see great value in the business. He sees a great value proposition with some of the core businesses in in Wesfarmers such as the Bunnings Warehouse stores. On this front he says Wesfarmers have an entrenched business with a great proposition for consumers. The Woolworths alternative is the Masters business, Parker says there is quite a bit of money still to be spent on this front before it begins to stacks up against competitors. The granular review of each business level within Wesfarmers has prompted Altair to start shifting their portfolio positions to reflect ...
Tom Piotrowski speaks with CommSec Advisory’s Nicky Kritikos about the recent earnings results from Woolworths, Wesfarmers & Metcash. Visit CommSec https://www.commsec.com.au/market-news/the-markets.html Follow Us On Twitter http://www.twitter.com/commsec Subscribe to CommSecTV http://youtube.com/subscrip... Discuss the market in CommSec Community. Log into your CommSec account, click on Community and Join In.
Wesfarmers Limited (WES) posted a full year Net Profit after Tax of $407 million down 83%. This included previously announced write-downs from retailer Target and its Curragh coal business. For more Reporting Season coverage, please visit https://www.commsec.com.au/reportingseason