Woolworths tipped to report heavy loss on back of restructuring, Masters exit – The Sydney Morning Herald

When Woolworths reports its full-year results on Thursday, expect to see a loss of about $1 billion, analysts say, after restructuring costs and its exit from the disastrous Masters hardware business. Credit Suisse analysts say that with a restructuring charge of $960 million and its exit from the Masters Home Improvement business being treated as a “discontinued operation”,…