Woolworths NZ's profits drop 52%

Woolworths NZ’s profits dropped 52 per cent in the last full year, with rising costs pushing up operational costs for the grocery retailer, the NZ Herald reports. The New Zealand arm of Australian-owned supermarket giant Woolworths still came out with $76 million in profit for the year, but it was down from $158.4m for the same period last year. Read more here