Grocery wholesaler Metcash Ltd
(ASX:MTS) has reported a first half net profit of $110.2 million, an increase of 0.9 per cent compared to the same period last year.
Although the company has reported a small in increase in first half profit, it has warned that tight trading conditions amid rising interest rates and cost-conscious customers means it may struggle to achieve full-year guidance.
Metcash will pay a fully franked interim dividend of 11 cents per share.
