Australia's Metcash falls to near 2-week low on tepid annual results
Yesterday 06:49
BUZZ-Australia's Metcash falls to near 2-week low on tepid annual results ** Shares of Metcash MTS.AX fall as much as 3.1% to A$3.08, their lowest level since June 10
** The wholesale distribution firm posts full-year net profit attributable of A$279.1 million ($195.59 million), down 4.2% pcp
** Brokerage firm Citi says hardware trading conditions are expected to remain challenged through FY27 with retail margins likely to remain under pressure
** Citi maintained its "sell" rating on Metcash stock
** About 6 million shares change hands, 1.2 times the 30-day avg
** Down 5.3% YTD, including the session's moves
($1 = 1.4269 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
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Australia's Metcash falls to near 2-week low on tepid annual results
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