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AAP
AAP
Poppy Johnston

Budget bliss as Kmart brand helps bag Wesfarmers profit

Kmart Group, which includes Target stores, had a record year for the business. (Mick Tsikas/AAP PHOTOS)

Kmart's house brand Anko has kept budget-conscious consumers shopping despite cost-of-living pain, supporting Wesfarmer's 3.7 per cent profit boost on the year before.

The owner of the popular retail brand, hardware giant Bunnings and stationery chain Officeworks made a $2.56 billion net profit after tax in the full year ending June 30, up from $2.46 billion and meeting analyst expectations.

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