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BRIEF-Metcash Says HY Profit After Tax Up 24 Pct

Published 04/12/2017, 09:20 am
Updated 04/12/2017, 09:30 am
BRIEF-Metcash Says HY Profit After Tax Up 24 Pct
MTS
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Dec 4 (Reuters) - Metcash Ltd MTS.AX :

* HY GROUP SALES REVENUE (INCLUDING ACQUISITION OF HTH) UP 7.6% TO $7.06 BN

* GROUP REPORTED HY PROFIT AFTER TAX UP 24% TO $92.9 MLN

* INTERIM DIVIDEND OF 6.0 CENTS PER SHARE, FULLY FRANKED

* IN LIQUOR, CURRENT MODEST LEVEL OF GROWTH IN OVERALL MARKET IS EXPECTED TO CONTINUE INTO 2H18

* IN HARDWARE, POSITIVE SALES MOMENTUM IS EXPECTED TO CONTINUE INTO 2H1

* IN HARDWARE, BUSINESS IS CONFIDENT OF DELIVERING BETWEEN $20-$25 MILLION OF ANNUALISED GROSS SYNERGIES FROM ACQUISITION OF HTH BY END OF FY18

* IN FOOD, EXTERNAL HEADWINDS INCLUDING INTENSE COMPETITION, PARTICULARLY IN SOUTH AUSTRALIA AND WESTERN AUSTRALIA ARE CONTINUING

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