Coles Myer expecting buoyant FY 2005

18 November 2004 – Melbourne (AUS): Coles Myer announced today that it expects annual profit growth for fiscal 2005 of up to 18 per cent.

CEO John Fletcher told a shareholders’ meeting: "We expect that subject to satisfactory Christmas trading, underlying full year earnings will increase to between A$670 million ($524 million) and A$680 million, an increase of around 18 per cent on the FY 2004."