Metcash profit falls 9 per cent to $102m

Grocery retailer and wholesaler Metcash has flagged full-year earnings that miss analyst estimates as it reports "signs of a sales led recovery" in a challenging trading environment.
For the half-year ended 31 October, Metcash posted a 2.8 per cent rise in profit to $101.7 million, while revenue grew by 1 per cent to $6.65 billion.  Sydney Morning Herald – Read more…