Metcash Limited (AU:MTS) has released an update.
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Metcash Limited reported a mix of performances across its segments in FY24, with robust earnings growth in its Food and Liquor divisions demonstrating resilience amidst market challenges. However, a downturn in the Hardware sector and rising corporate costs led to a slight decrease in overall Group earnings. The company’s revenue saw a marginal increase, while its underlying profit experienced a decline due to the difficulties faced by the Hardware division.
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