Woolworths New Zealand announced earnings results for the year ended June 24, 2012. For the year, the company reported 40% of the country's supermarket sales, boosted its annual profit 29% as it squeezed more out of increasing revenue. Net profit rose to $128.9 million from $99.8 million a year earlier.

Revenue grew 3.5% to $5.57 billion, a faster pace than the 2.4% increase in cost of sales to $4.28 billion.