Australia's Metcash hits over one year high on strong FY results
23/06/2025 02:59
Updates ** Shares of Metcash Ltd MTS.AX up as much as 5.4% at A$3.70, hit highest level since May 21, 2024 ** The wholesale distributor posts FY net profit attributable of A$283.3 million ($182.08 million), up 10.1% from the previous year ** Co adds that total group sales from the first seven 7 weeks of FY26 are up 4.7% from a year before ** Declares final dividend of 9.5 Australian cents, which Citi notes is higher than their forecast of 9 Australian cents ** Stock last up 3.9%; gains 19.4% this year, as of last close ($1 = 1.5559 Australian dollars) (Reporting by Sherin Sunny and Nikita Maria Jino in Bengaluru) ((Sherin.Sunny@thomsonreuters.com;))
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