Aldi reveals Australian profits

aldiDiscount supermarket group Aldi more than doubled its Australian profits within three years.

According to documents submitted to the Senate inquiry into corporate tax avoidance, the pre-tax profit from the company’s Australian operations rose from $121 million in 2010 to $261 million in 2013.

Since arriving in Australia in 2001, the German retailer has established a network of 373 stores in Queensland, ACT, NSW and Victoria, with plans to open another 120 in South Australia and West Australia.

AAP

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