Coles Myer expecting buoyant FY 2005


Coles Myer announced in November that it expects annual profit growth for fiscal 2005 to be as much as 18 per cent.

CEO John Fletcher said at 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 2004."

Melbourne (AUS)