Metro Cash And Carry Limited - Company Announcemen
Metro Cash and Carry Limited's Australian subsidiary, Metcash Trading
Limited ("Metcash"), yesterday announced its audited results for the
financial year ending 30 April 2001. Salient features of the announcement
were -
* Turnover on continuing operations up 16.4% to R22.7 billion
* Earnings before interest, tax and abnormals up 17% to R405 million
* Attributable profit up from R4.4 million to R136 million
Metcash announced a final dividend for the year of R0.06 a share as well as
an on-market buy back of preference shares up to a value of R166.4 million.
Metcash also announced the sale of its non-core food service division, John
Lewis Food Service for the sum of R287 million. The sale of this business
will be effective from 30 April 2001 with handover on 4 June 2001.
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