date:Jul 04, 2012
However, Metcashs sales reportedly rose in the year to April 30, 2012, and underlying profit grew by 2.5% to $262.5 million. However, restructure costs and the Franklins acquisition totalled $176.7 million, resulting in a full-year net profit of $90 million, down from $241.4 million in the previous year.
Metcash also announced in a media release that it would raise up to $375 million by issuing new shares to bankroll growth opportunities. The group, which supplies groceries to IGA supermarkets,