Metcash Profits Edge Up Despite Tobacco Sales Drop
Update: 2025-12-01
Description
Metcash, a key supplier for independent retailers, reported a modest 0.3% increase in interim profit, reaching $142.2 million. Despite a significant drop in tobacco sales due to new regulations, the companys overall sales revenue grew by 0.1% to $8.48 billion. Underlying earnings increased by 2% to $367.2 million, driven by growth in food, liquor, and hardware sales. Metcash will pay an interim dividend of 8.5 cents per share, reflecting its commitment to delivering value amidst a complex retail landscape.
The Daily News Now! - Every city. Every story. Powered by AI.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
