Wesfarmers Updates on the Coronavirus Impact on the Business Segment

1 min read | March 21, 2020 06:08 PM EDT | By Team Kalkine Media

Wesfarmers Limited (ASX:WES)released an update on the impact of Coronavirus on its business segment. The calendar year started with the same momentum as of the second half from 2019. The strong sales growth was experienced in Bunnings, Kmart and Officeworks with strong development from the online side.

Due to the Coronavirus situation, a strong demand came from the essential cleaning, hygiene, home office equipment and education supply segments. Industrial and safety businesses also grew experiencing strong demand from the products such as protective clothing, cleaning, hygiene and medical gases.

The industrial businesses also continued in line with the expectations, other than the slump in the Saudi CP prices which impacted the Wesfarmers chemicals, energy and fertiliser segments.


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