SYDNEY Feb 22 Australia's No. 1 supermarket
operator by sales, Woolworths Ltd, said half-yearly
underlying profit fell 16.7 percent as a bitter price war forced
it to slash prices.
Underlying net profit was A$785.7 million ($603 million) for
the six months to January. On a statutory basis, the company
swung to an interim net profit of A$725.3 million after
writedowns on its home improvement unit led to a A$973 million
loss the previous first half.
Sales rose 2.6 percent.
($1 = 1.3029 Australian dollars)
(Reporting by Tom Westbrook; Editing by Robin Pomeroy)