Big Australian company Wesfarmers, which owns Kmart and Bunnings, had good news and some worries! Their profits went up a little, thanks to strong sales. But they're also concerned about rising prices.
- A weaker Australian dollar makes importing things more expensive.
- Tariffs (taxes on goods from other countries) might also make things cost more.
- Wesfarmers might need to raise prices in their stores.
| Fact | Number |
|---|---|
| Wesfarmers' profit (first half of the year) | $932 million |
| Bunnings' pre-tax profit increase | 3.1% |
| Expected lithium production start date | Mid-2025 |
Even with these challenges, Wesfarmers is still doing well. They're also planning to start making a special kind of lithium for batteries in a few years.
