Metro Cash and Carry Limited
(Incorporated in the Republic of South Africa)
(Registration number 1946/021315/06)
Share code: MTC
ISIN: ZAE000012688
("Metro")
Metro"s Australian subsidiary announces excellent results
Metro Cash and Carry Limited"s Australian subsidiary, Metcash Trading Limited
("Metcash"), today announced its audited results for the financial year ending
30 April 2003. Salient features of the announcement were -
Turnover across the 3 core business pillars increased by 16% to R35.9 billion
(A$6.7bn)
Profit before tax up 41% to R674m (A$126m)
Profit after tax up 41% to R435 million (A$81.3m)
The group"s strong performance generated R793m (A$148m)in cash from operations
Metcash announced a final dividend for the year of Au4.6c per share, making a
total dividend for the year of Au8.6c per share (2002: Au5.0c).
The Chief Executive of Metcash, Andrew Reitzer, expressed his satisfaction with
the performance of all 3 divisions of Metcash, adding that Metcash remains
poised to further boost sales and profit in the new financial year due to
organic growth, rationalisation of business mix and disciplined management of
operational costs. Accordingly, it is anticipated that profits for the next
financial year will increase by about 15% over the current year.
22 May 2003
Sponsor
SASFIN BANK LIMITED
Date: 22/05/2003 07:32:36 AM Supplied by www.sharenet.co.za
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