Panic Buying Pushes Coles To Bumper Result

As widely expected supermarket chain, Coles Group has had a very profitable COVID-19 crisis and so will its shareholders. Coles’ said on Tuesday that earnings before interest and tax (EBIT), excluding a range of significant items, rose 4.7% to $1.76 billion, much better and stronger than 2018-19’s 8.3% dip (which was complicated by the spin-off from Wesfarmers in November 2018).

Read More