DJ MARKET TALK: Metcash FY Pft +25%; In Line With Expectations
2250 GMT [Dow Jones] Metcash (MTS.AU) books 25% increase in FY net profit to A$197.4 million. Result looks in line with expectations, with analysts forecasting a net profit of A$197.3 million, according to a survey of 13 brokers by Thomson Reuters. "We have built up good momentum and expect further profit growth in the new financial year," CEO Andrew Reitzer says in a statement. MTS says May sales have remained strong, in line with expectations. Forecasts EPS of 28.3 to 29.3 cents/share for fiscal 2009, up from 26.64 cents/share in fiscal 2008. FY09 forecast also looks in line, with analysts tipping EPS of 29 cents/share. Result looks solid and should impress. Last trade A$4.08. (SVM)
MTS Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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