BNET Industries

Wesfarmers Ltd.

(WES) is in the Business Services Industry

Market Cap:$638.9M
Last Fiscal Year Sales:$6.2B
  • Public
  • US
Dow Jones Description

Wesfarmers has moved far beyond its agricultural beginnings. Founded in 1914 and headquartered in Perth, Australia, Wesfarmers Limited (SYD: WES) operates in several different sectors.The company began as a farmers' cooperative, but now deals in home improvement products and building supplies, coal mining, gas processing and distribution, industrial and safety product distribution, chemicals and fertilizers manufacture, insurance, and rail transport. The company has annual revenue of about $6.2 billion and employs about 30,000 people. Wesfarmers and Genesee & Wyoming (G&W) of the United States, joint venture partners in the Australian Railroad Group (ARG), agreed to sell ARG to Babcock & Brown Limited and Queensland Rail for $1.3 billion. The sale covers freight operations in Western Australia and contracted services operating in New South Wales and Victoria. It also includes the remaining 43 year lease on the rail network in Western Australia, currently managed by the ARG subsidiary.

Number of Employees 30,000
Contact Information

Wesfarmers House, 11th Fl

Perth

(61) 893274211

NAICS Code Other Management Consulting Services: 541618

Recent Events

  • WESFARMERS' HARDWARE BIZ BUNNINGS TO OPEN 12 STORES IN NSW

    11/26/09 - Planned Site Openings - View Story

  • Australia's Tabcorp in talks to buy pubs-report

    11/19/09 - Merger / Acquisition - View Story

  • FORMER W AUSTRALIA PREMIER TAKES SENIOR ROLE WITH WESFARMERS

    10/29/09 - Mgmt. Change Entering - Other - View Story

  • Asia Markets: Wesfarmers gains in Aussie supermarket race

    10/23/09 - Financial Announcement - View Story

  • TPG to List Myer in $2 Billion IPO

    9/11/09 - Merger / Acquisition - View Story

  • AUSTRALIAN RETAILER WESFARMERS POSTS NET PROFIT RISE TO US$1.3B

    8/20/09 - Financial Announcement - View Story

  • Wesfarmers CEO Focuses on Performance

    8/02/09 - Financial Announcement - View Story

News & Analysis

coles group and wesfarmers ltd. - All News and Analysis

  • Wesfarmers looks at ways to reduce debt

    - 2008-10-20

    SYDNEY -- Wesfarmers Ltd. is assessing a variety of measures to cut a $3 billion Australian debt if it is unable to refinance funds it borrowed to acquire the Coles Group last year. Chief financial officer Gene Tilbrook said at a presentation for investors and analysts that he was...

    Tags: Coles Group, Wesfarmers Ltd., Woolworths

  • Wesfarmers to set up three retail divisions.

    - 2007-07-16

    Byline: Bruce Atkinson Jul 16, 2007 (Inside Retailing - ABIX via COMTEX) -- Wesfarmers has outlined how it intends to integrate the operations of the Coles Group into its existing retail business. Coles' supermarket, liquor and petrol businesses will form one unit, its Target...

    Tags: Coles Group, Wesfarmers Ltd.

  • Coles deal long way from being finalised.

    - 2007-07-10

    Byline: Elizabeth Knight Jul 10, 2007 (The Sydney Morning Herald - ABIX via COMTEX) -- Wesfarmers' takeover bid for Australian retailer Coles Group still faces some hurdles. The outcome will be decided over the coming four to six weeks. Independent expert, Grant Samuel, has...

    Tags: Coles Group, Wesfarmers Ltd.

  • Coles: please do better than copy Woolies.

    - 2007-07-08

    Byline: Sue Mitchell Jul 08, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Coles Group could improve its business by adopting new retail trends rather than competing with its major rival. Coles' new owner, Wesfarmers, plans to seek ideas from the international...

    Tags: Coles Group, Wesfarmers Ltd., Whole Foods, Woolworths

  • Wesfarmers likely winner of Coles demolition derby.

    - 2007-06-28

    Byline: Stuart Washington Jun 28, 2007 (The Sydney Morning Herald - ABIX via COMTEX) -- Australian conglomerate Wesfarmers is the only group that has expressed an interest in buying the whole Coles Group operation. The consortium led by Texas Capital Group will not bid...

    Tags: Coles Group, Wesfarmers Ltd.

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     WES $18.01 +0.04 (0.22% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 137,635
Shares Outstanding 29.47M
Market Cap 530.8M
Year High 20
Year Low 11.7
Earnings Per Share 1.22
P/E Ratio 14.76
Dividend 1.28
Yield 7.11
Glass Door

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