Grocery chain Woolworths posted a 4.7% increase in net sales to AUD54.1bn (£36bn) for its financial year ended June 26.

Excluding fuel, sales rose 4.1%.

Food and alcohol sales increased 4.6% to AUD36.18bn (£24bn) or by 3% on a like-for-like basis.

The company said that its price knockdown campaign contributed to this growth.

In New Zealand supermarket sales rose 3.4% to NZD5.4bn (£2.86bn).

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