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Metcash Provides 2021 AGM and Trading Update

01 Sep 2021  |  09:54:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Metcash 2021 Annual General Meeting and Trading Update

Metcash provided 2021 AGM and trading update. It reported Group revenue, including charge-through sales, increased 10% to a record $16.4bn, with growth in all Pillars. Group EBIT increased 20% to $401.4m and underlying profit after tax was 27% higher at $252.7m. This represents a 13% increase in underlying EPS to 24.7c. Board fees increased 5% in FY 2021 and remain below medians at between 81% and 99% of peer group benchmarks.

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