Australia's Metcash hits highest since June 2023 on better trading update
12/03/2024 01:36
** Shares of Metcash Ltd MTS.AX rise as much as 2.4% to
A$3.9, their highest since June 26, 2023
** The supermarket wholesaler says total food sales
excluding-tobacco increased 5% for the 10 months ended Feb 25
** Says total group sales increased 0.9% for the 10 months
** Adds food and liquor segments continued to perform well,
supported by improved competitiveness and differentiated value
proposition
** Stock up 9.2% YTD, as of last close
(Reporting by Ayushman Ojha in Bengaluru)
((Ayushman.ojha@thomsonreuters.com;))
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