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The company reported $834.9 million in group sales revenue, which was up 15.8 per cent in Australian dollar terms compared to the prior corresponding year.

In an environment marked by cautious consumer sentiment, widespread price deflation and unusually wet and cool weather on the east coast of Australia, which negatively affected consumer spending, Wesfarmers has still managed to succeed.

According to chief financial officer Chris Mentis, the global sales were negatively affected by the deterioration of the New Zealand dollar, the Euro and the UK Pound.

While sales for Nick Scali in the second quarter for the first half year to 31 December 2010 deteriorated, trading conditions during the half year was “well”.

Rent reviews, acquisitions and improvements to investment properties helped increased the income for Bunnings Warehouse Trust Property.

The company has reached a record half year net profit of $87.9 million from $1,683 billion of sales for the six months ending 31 December 2010, with total sales up by 8.3 per cent.

The company said Country Road expects a profit after tax growth of between 3 and 5 per cent on the prior year for the same period.

Kathmandu said its performance for the six months to 31 January 2011 is expected to be “significantly ahead” of the same period last year.

The main concern for Specialty Fashion Group is the impact that the Queensland floods will have on its business as it continues to face challenging trading conditions.