Australia's Metcash set for worst week in nearly four months on profit drop
26/06/2026 04:43
BUZZ-Australia's Metcash set for worst week in nearly four months on profit drop ** Shares of Australia's Metcash MTS.AX fell 5.3% so far this week, on track for their worst week since the week ended March 6
** Stock down 1.6% in the session
** The wholesale distribution firm on Monday posted full-year net profit attributable of A$279.1 million ($192.05 million), down 4.2% pcp
** Citi said hardware trading conditions are expected to remain challenged through FY27, with retail margins likely to remain under pressure
** YTD, the stock down 8.9%
($1 = 1.4533 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
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