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OverviewAPI
Australia's Coles, the second-largest grocer, reports a slight dip in annual profit due to rising lease costs and store theft. Sales for continuing operations increased by 5.9%, but lease renewal costs and stock loss caused by organized crime dragged down net profit. Coles' profit including discontinued operations rose by 4.8% to A$1.10 billion, but did not provide profit guidance for the current financial year. Coles' shares fell by 6% following the announcement.

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