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Metcash profits decline as supermarket war creates ‘tough market conditions’
date:Jun 26, 2014
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Mr Morrice said evidence of the challenges was apparent in the underperformance of the core Food and Grocery business, which had led to a disappointing outcome for shareholders.

During the year, Metcash Food Grocery like for like supermarket wholesale sales fell by 2.1 per cent, Mr Morrice said. Metcash Food Grocery earnings before interest, tax and amortisation (EBITA) declined 19.5 per cent from $377.9 million to $304.3 million, he said.

Although ongoing price deflation hampered perf

12/24 04:30