Metcash (ASX: MTS) eyes acquisition of complementary businesses, opening new stores

Mon 03 Jun 24, 06:37 AM | Team Kalkine

Image source: Leka Sergeeva

Highlights

Australia based Metcash Limited (ASX: MTS) is a wholesale distribution and marketing company that primarily deals in the grocery, food, liquor, automotive and hardware products. The company mainly caters to the growing network of independent retailers in New Zealand and Australia.

In the first half of the financial year 2023 (1HFY23), the company recorded a 1.3% YoY increase in the group revenue to AUD 7,837.7 million comprising 2.95% YoY growth in hardware revenue to AUD 1,783.5 million. In 1HFY24, reported PAT jumped 12.2% YoY to AUD 141 million. Here’s the historical financial trend of MTB:

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