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Bunnings triples annual profit in NZ as pickup in construction spurs demand

2014-12-10 05:45:02| Agriculture - Topix.net

Bunnings, the hardware chain owned by Australian Wesfarmers, more than tripled annual profit in New Zealand, as a booming property market stoked demand for building products. The New Zealand unit of the diversified Australian company reported profit of $4.9 million in the year ended June 30, from $1.1 million a year earlier, according to financial statements lodged with the Companies Office.

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