Metro Cash And Carry Limited - Results Of Metros Australian Subsidiary
Release Date: 20/05/2004 08:13:04 Code(s): MTC
METRO CASH AND CARRY LIMITED - RESULTS OF METRO`S AUSTRALIAN SUBSIDIARY
Metro Cash and Carry Limited
(Incorporated in the Republic of South Africa)
(Registration number 1946/021315/06)
JSE 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 2004. Salient features of the announcement were:
* Turnover across all 3 core business pillars increased by 7.1% to A$7.174bn
* Profit before tax up 23.5% to A$155.7m
* Profit after tax up 25.1% to A$101.7m
* The group`s strong performance generated A$171m in cash from operations,
showing an increase of 15.5% over last year.
Metcash announced a final dividend for the year of A$0.06 per share, making a
total dividend for the year of A$ 0.11 per share (2003: A$0.08).
The Chief Executive of Metcash, Mr. Andrew Reitzer, expressed his delight with
the strength of performance of all 3 business pillars of Metcash, despite
ongoing competition from the major chains. He is confident that the group will
show satisfactory growth in sales and profit in the new financial year.
The Chairman of the group, Mr. Carlos dos Santos, expressed his satisfaction
with the results and quashed recent speculation regarding the future of the
company, saying `As far as the Board of Metro Cash and Carry Limited is
concerned, Metcash is definitely not for sale`.
The results announcement is available at www.metcash.com.
JOHANNESBURG
20 May 2004
Sponsor
Sasfin Corporate Finance
A division of Sasfin Bank Limited
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
