Metcash underlying profit up 1.2 per cent in face of challenging market conditions

Company News

by Anna Napoli

Metcash (ASX:MTS) has announced its underlying profit after tax rose 1.2 per cent to $100 million for the half year ended 31 October.

Reported group revenue lifted 2.2 per cent to $6.2 billion when compared to the same time last year.

Group earnings were up 1.2 per cent to $158 million.

Metcash will pay an interim dividend of 6.5 cents fully franked.

The company says the first half results were pleasing in the face of challenging market conditions, with the group delivering improved sales and earnings.

Shares in Metcash (ASX:MTS) closed 2.47 per cent lower to $2.77 on Friday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.