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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Nov 28 (Reuters) - Metcash Ltd (MTS) - HY sales revenue of...
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