Metcash loses market share

 In Australia, Metcash/IGA, NewZealand
Supermarket group Metcash has lifted underlying full year profit by 6.9 per cent to $281 million but has lost market share in its core grocery business as it beds down major restructuring and new acquisitions.

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The company promised a review of its food and grocery operations as it recorded revenue of $13.1 billion for the year to April 30 and a reported net profit after tax (NPAT) of $206 million.  Sydney Morning Herald – Read more…
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