Surging Kmart sales help Wesfarmers grow H1 profit

Wesfarmers' half-year profits lifted by three per cent, as consumers shopped on tighter budgets. (Mick Tsikas/AAP PHOTOS)

Wesfarmers says cost-conscious consumers kept flocking to its Kmart stores during the second half of last year, helping the conglomerate lift its profit by three per cent.

The WA company announced on Thursday it made $1.43 billion in net profit after tax in the half year that ended December 31, up from $1.38 billion for the same period in 2022.