Australia's Metcash hits 7-week low as FY profit drops

Metcash

24/06/2024 02:29

** Shares of supermarket wholesaler Metcash Ltd  MTS.AX 
fall as much as 4.5% to A$3.610, their lowest since Feb 26
    ** Co posts FY net profit attributable A$257.2 million 
($170.50 million), lower than A$259 million recorded last year
    ** Says, will pay fully franked FY24 final dividend of 8.5
AU cents per share
    ** Posts 2.2% rise in total group sales for first seven
weeks of FY25
    ** Stock posts its biggest intraday pct fall since Feb 6
    ** Stock has risen 8.3% this year, as of last close



($1 = 1.5085 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))