Woolworths earnings rise 3 per cent for year but full-year net profit plunges to $108m

Woolworths Group’s earnings have risen 3 per cent but the company bottom line has been smashed by impairments on its New Zealand supermarkets, leaving its overall profit just more than $100m.

Releasing its annual results on Wednesday, Woolworths posted a 5.6 per cent rise in sales to $67.9bn on…