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Metcash profits decline as supermarket war creates ‘tough market conditions’
date:Jun 26, 2014
Australian wholesaler and distributor of groceries and hardware products Metcash Limited (Metcash) has announced its results for the 2014 financial year, with an underlying $250.1 million profit, a decrease of 10.9 per cent on the prior year.

For the 12 months to 30 April 2014, Metcash generated $13.4 billion of sales revenue, an increase of 3.2 per cent on the previous year.

Metcash, whose brand portfolio includes IGA, Mitre 10, Cellarbrations and Autobarn, said the results reflected a tradin

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