date:Dec 03, 2013
six per cent to $193 million.
Metcash group chief executive Ian Morrice said the company, which provides to IGA and Foodworks supermarkets, was continuing to suffer with tough market conditions and food price deflation. He said it was difficult for the company to compete against supermarket giants Woolworths and Coles, who he said distorted the market through cross-subsidisation between their grocery and fuel businesses.
Mr Morrice said Metcash had invested more heavily in advertising and mar