Metcash boosts first half profit

Grocery wholesaler Metcash has lifted its first half profit more than 20 per cent thanks to its exit from the Franklins line of supermarkets, which removed a drag on its balance sheet.
Metcash made a net profit of $98.9 million for the six months to October 31, up from $82 million for the same time last year.  Sydney Morning Herald – Read more…