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Metcash profits decline as supermarket war creates ‘tough market conditions’
date:Jun 26, 2014
and acquisition costs incurred. The Franklins corporate stores recorded a retail loss of $10.5 million after tax, down from $59.9 million in 2013.

Metcash has now completed the disposal of all 80 Franklins corporate stores. The reported net profit for the year was down 17.9 per cent to $169.2m.

Cash generated from operating activities was strong at $388.7 million, up 29.7 per cent on the prior year, assisted by approximately $80 million of timing benefits, expected to unwind in FY2015. These

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