WHOLESALE TRADE – AUSTRALIA

Metcash swings back into the black

roymorgansocial Leave a comment

Original article by Valerina Changarathil
The Australian – Page: 15 : 29-Jun-21

Grocery, hardware and liquor wholesaler Metcash released its results for the year to 30 April on 28 June, with Metcash reporting an after tax profit of $239 million. This compared to a loss of $56.8 million for the previous corresponding period, while underlying profit jumped 27 per cent to $252.7 million. Revenue was up almost 10 per cent to $14.3 billion, while operating cash flow increased from $117.5 million to $457.5 million. Metcash declared a dividend of $0.095, while it announced an off-market share buyback of about $175 million.

CORPORATES
METCASH LIMITED – ASX MTS

Is Metcash worth more dead or alive?

roymorgansocial Leave a comment

Original article by Adele Ferguson
The Australian Financial Review – Page: 40 : 28-Sep-15

Metcash’s grocery wholesaling business accounts for more than 70 per cent of group earnings, but some experts have questioned whether the business will be viable in the long-term. The downturn in Metcash’s share price has prompted speculation that it may be targeted by private equity groups, with a view to a demerger. The IGA stores supplied by Metcash are also facing growing competition from Aldi, while allegations that some IGA stores have being underpaying their staff have emerged in the wake of the 7-Eleven scandal.

CORPORATES
METCASH LIMITED – ASX MTS, IGA, ALDI STORES SUPERMARKETS PTY LTD, 7-ELEVEN STORES PTY LTD, COLES GROUP LIMITED, WOOLWORTHS LIMITED – ASX WOW, FOODWORKS SUPERMARKET GROUP LIMITED, FOODLAND AUSTRALIA LIMITED, LUCKY 7 HOLDINGS PTY LTD, JP MORGAN AUSTRALIA LIMITED, MITRE 10 LIMITED, DANKS HOLDINGS LIMITED, STANDARD AND POOR’S ASX 100 ACCUMULATION INDEX, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, MAGELLAN FINANCIAL GROUP LIMITED – ASX MFG, UBS HOLDINGS PTY LTD, AUSTRALIAN FOOD AND GROCERY COUNCIL, LION PTY LTD

Metcash is crunched in retail wars

roymorgansocial Leave a comment

Original article by Sue Mitchell
The Australian Financial Review – Page: 13 & 18 : 5-Jun-15

Australian-listed Metcash has indicated that its financial accounts for 2014-15 will include asset write-downs totalling $A640m. The grocery group has also advised that dividends will be put on hold for 18 months. The revelations prompted a sharp fall in Metcash’s share price, which finished $A0.245 lower at $A1.14 on 4 June 2015. Metcash expects its full-year underlying EBIT to be within its forecast range of $A315m to $A330m.

CORPORATES
METCASH LIMITED – ASX MTS, INDEPENDENT GROCERS OF AUSTRALIA, WOOLWORTHS LIMITED – ASX WOW, COLES SUPERMARKETS AUSTRALIA PTY LTD, ALDI STORES SUPERMARKETS PTY LTD, COSTCO WHOLESALE AUSTRALIA PTY LTD, ALLAN GRAY AUSTRALIA PTY LTD, NIKKO ASSET MANAGEMENT GROUP, UBS HOLDINGS PTY LTD, AUSTRALIAN FOOD AND GROCERY COUNCIL, McPHERSON’S LIMITED – ASX MCP

Sigma lifts earnings in tough conditions

roymorgansocial Leave a comment

Original article by Stephen Cauchi
The Australian Financial Review – Page: 16 : 20-Mar-15

Australian-listed Sigma Pharmaceuticals has posted an after-tax net profit of $A52.7m for the year to 31 January 2015, compared with $A53.5m previously. EBIT rose by 11 per cent to $A78m and revenue increased by 5.7 per cent to $A3.1bn. Sigma will pay a final dividend of $A0.02 per share, while investors will also receive a special dividend of $A0.01 per share

CORPORATES
SIGMA PHARMACEUTICALS LIMITED – ASX SIP, STANDARD AND POOR’S ASX 200 INDEX

Metcash warns on profit growth

roymorgansocial Leave a comment

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