News: MTS Metcash says HY profit after tax was $74.9mln

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    Nov 28 (Reuters) - Metcash Ltd (MTS) -

    • HY sales revenue of $6.63bln, up 0.3% against prior corresponding period
    • No interim dividend for fy17, as guided
    • No interim dividend for fy17
    • Hy group reported profit after tax was $74.9mln
    • "In food & grocery business, despite significant headwinds, we expect 2H17 earnings to be greater than 2H16"
    • Continue to see positive momentum in liquor and hardware pillars
    • Expected that dividend payments will recommence in fy18
    • Group results were however negatively impacted by an intense trading period in food & grocery sector
    • Expect earnings contribution in 2h17 from home timber & hardware acquisition, as well as continued positive momentum from liquor
    • HY underlying profit after tax excludes HTH transaction costs of $4.5mln (post tax) and working smarter implementation costs of $3.4mln
 
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