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AAP
AAP
Derek Rose

BWS owner cuts dividend as Aussies avoid booze splurge

Dan Murphy Endeavour Group Jayne Hrdlicka Endeavour BWS
Endeavour Group will cut its dividend after profit slipped to $426 million in the year to June 29. (Dan Himbrechts/AAP PHOTOS)

Australia's biggest alcohol retailer is looking forward to new leadership and the results of a strategic review after a sub-par year marked by a drop in profit and management turmoil.

Dan Murphy's and BWS owner Endeavour Group on Monday said it would cut its dividend after making $426 million in net profit after tax in the year to June 29, down 15.8 per cent from 2023/24.

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