News: MTS Metcash FY Net Loss Attributable A$56.8 Mln Vs Profit Of A$192.8 Mln

June 22 (Reuters) - Metcash Ltd (MTS) :

• FY GROUP REVENUE UP 2.9% TO $13.0BN
• DETERMINED TO PAY A FINAL DIVIDEND FOR FY20 OF 6.5 CENTS PER SHARE
• IN FOOD PILLAR, TOTAL FOOD SALES IN FIRST SEVEN WEEKS OF FY21 UP 9.3%
• IN LIQUOR, SALES FOR FIRST SEVEN WEEKS OF FY21 INCREASED 5.5%
• FY NET LOSS ATTRIBUTABLE $56.8 MILLION VERSUS PROFIT OF $192.8 MILLION
• IN HARDWARE, SALES FOR FIRST SEVEN WEEKS OF FY21 HAVE INCREASED 9.4%
• FURTHER WEAKNESS IN TRADE SECTOR IS LIKELY FROM SECOND HALF OF FY21
• EARNINGS BENEFIT FROM INCREASE IN FOOD PILLAR SALES IN FIRST 7 WEEKS OF FY21 MARGINALLY OFFSET BY HIGHER COSTS TO SERVICE ELEVATED DEMAND
• NET CASH POSITION AS AT 30 APRIL OF $86.7 MILLION