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Bunnings to the rescue | Zip shares plunge 33% | Telstra rings in the revenue
Description
Wesfarmers posts a $1.6 billion profit jump as Bunnings and lithium carry the load… but Officeworks runs low on black ink.
Zip Co, the buy now pay later, saw its shares crash more than 33% yesterday in one of the biggest selloffs this reporting season.
Telstra has seen its profits jump 8% as it hikes prices on its mobile plans…and sees the financial benefits of its major staff cutting.
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