Metcash, the third largest player in the grocery retail sector in Australia, today reported a 12.3 per cent lift to normalised profit after tax in the first half of its financial year. The ASX-listed grocery and liquor wholesaler, distributor and marketer, said the result was driven by a 6.6 per cent rise in wholesale sales to $5.6 billion, “despite intense competition in the grocery sector, lower levels of inflation and price deflation in the produce sector”. “Metcash has continued... ...Read more »