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Highlights
- Metcash Limited, on 5 December 2022, announced its financial results for the half year ended 31 October 2022.
- The company has reported its group revenue up 8.2% to AU$7.7 billion.
- The underlying profit after tax also rose 9.1% to AU$159.9 million.
Food and staples retailing giant Metcash Limited (ASX:MTS), on Monday (5 December 2022), shared FY23 half year results wherein the company declared robust sales and earnings while seeing higher inflation and repeated impacts of lockdowns.
The shares of the company were quoted at AU$4.265 apiece, up 0.827% at 12:45 PM AEDT on the ASX on Monday.
Key highlights from the FY23 first half year results:
- The company shared its group revenue has risen 8.2% to AU$7.7 billion.
- Company’s group underlying EBIT was up 10.3% to AU$255.1 million.
- Metcash’s underlying profit after tax was up 9.1% to AU$159.9 million.
- The company registered a statutory profit after tax of AU$125.7 million.
- The underlying earnings per share was up 13.7% to 16.6 cents, statutory earnings per share was 13.0 cents.
- Metcash declared an interim dividend of 11.5 cents per share for FY23, up 9.5%.
The share price performance of Metcash:
During the last five trading days on the ASX, the shares of Metcash have gained 0.47%. In the last one month, the shares have moved up 6.78% on the ASX. In the past six months, the company has gained 0.95% and in the last one year, Metcash has moved up 0.24% on the ASX. However, on a year-to-date basis, the shares have shed 4.92% on the ASX. Looking at a broader picture, Metcash shares have moved up 37.10% in the last five years on the ASX (as of 2:00 PM AEDT, 5 December 2022).
