Metcash warns on profit growth

Original article by Sue Mitchell
The Australian Financial Review – Page: 11 & 17 : 2-Dec-14

Listed grocery wholesaler Metcash has reported a 2014-15 interim underlying net profit of $A101.7m, which is nine per cent lower than previously. It has advised that full-year EBIT is likely to be within the range of $A315m to $A330m. CEO Ian Morrice says the initial results of the group’s five-year turnaround plan have been encouraging, but he has indicated that the group may not achieve its goal of resuming profit growth in 2016

CORPORATES
METCASH LIMITED – ASX MTS, INDEPENDENT GROCERS OF AUSTRALIA, SUPA IGA, CITIGROUP PTY LTD, DEUTSCHE BANK AG, WOOLWORTHS LIMITED – ASX WOW, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES, ALDI STORES SUPERMARKETS PTY LTD, DANKS HOLDINGS LIMITED

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