Business Chief APAC+ANZ Magazine April 2018 | Page 74
TOP 10
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Woolworths Ltd
$ 41.15bn | woolworths . com . au Woolworths Ltd operates general stores and supermarkets in Australia , New Zealand and India , through its brands Woolworths , Safeway and Countdown . The company reported a net revenue of $ 41.15bn in 2017 , a more than $ 4bn decrease over 2016 . The company reported a return to profitability , after experiencing an $ 80mn loss in 2016 , linked to its unprofitable purchase of clothing brand David Jones . Business Live reports : “ management continues to invest in David Jones stores … by adding the Balmain brand to its offerings ”. Equity analyst Casparus Treurnicht said : “ Only time will tell whether the price tag , margin and sales will contribute positively to David Jones .”