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Wesfarmers CEO confident the 'worst' of COVID disruptions have passed
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Wesfarmers CEO Rob Scott says he believes the company is through some of the "worst" of the disruptions seen in December and January.
This comes as Wesfarmers shares tumbled after its half-yearly profit, falling 14 per cent to $1.2 billion.
"When I reflect on the last half, we were actually quite pleased with the result ... it was the most significantly disrupted period for our businesses through the entire pandemic," he told Sky News Australia.
"January was still a pretty subdued month retail-wise because of the Omicron strain and ongoing COVID infections and that leading to lower traffic levels across shopping centres.
"But what we've seen through February, we've seen lower case numbers, less people in isolation, we're managing the workforce challenges a lot better, and importantly, confidence and optimism is certainly improving on the east coast, and that is translating to better sales."
This comes as Wesfarmers shares tumbled after its half-yearly profit, falling 14 per cent to $1.2 billion.
"When I reflect on the last half, we were actually quite pleased with the result ... it was the most significantly disrupted period for our businesses through the entire pandemic," he told Sky News Australia.
"January was still a pretty subdued month retail-wise because of the Omicron strain and ongoing COVID infections and that leading to lower traffic levels across shopping centres.
"But what we've seen through February, we've seen lower case numbers, less people in isolation, we're managing the workforce challenges a lot better, and importantly, confidence and optimism is certainly improving on the east coast, and that is translating to better sales."
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