date:May 29, 2014
ctivity and operating leverage had supported strong growth in EBIT.
Interest costs had been significantly reduced through equity raising and successful debt refinancing strategy and its effective tax rate had increased to approximately 30 per cent (Coles acquisition reduced tax rate post acquisition).
Wesfarmers said its profit growth was approximately three times its sales growth and its cumulative operating cash flows had been $18.6 billion since FY09, with strong cash realisation achieved.