Coles Myer expecting buoyant FY 2005

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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)