Metcash Limited (ASX:MTS) is a leading marketing and distribution company operating in the food and other fast moving consumer goods categories. MTS operates via three business units: IGA Distribution (retail), Campbells Cash & Carry (wholesale) and Australian Liquor Marketers (ALM; liquor wholesale). Metcash today released its first half results, which showed a 14% decrease in 1H profit to $94.4 million. The company said the decrease was due to grocery price deflation, economic uncertainty and a cut in margins due to increased competition. Metcash said it expects low-to-mid single digit earnings growth for the full year. MTS will pay an interim dividend of $0.115. Click to Receive FREE Trading Recommendations!November 30, 2011
Australian Stocks Dividend News: Metcash Ltd (MTS)
Metcash Limited (ASX:MTS) is a leading marketing and distribution company operating in the food and other fast moving consumer goods categories. MTS operates via three business units: IGA Distribution (retail), Campbells Cash & Carry (wholesale) and Australian Liquor Marketers (ALM; liquor wholesale). Metcash today released its first half results, which showed a 14% decrease in 1H profit to $94.4 million. The company said the decrease was due to grocery price deflation, economic uncertainty and a cut in margins due to increased competition. Metcash said it expects low-to-mid single digit earnings growth for the full year. MTS will pay an interim dividend of $0.115. Click to Receive FREE Trading Recommendations!
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