Hardware boost for Metcash despite $149.5m loss

Grocery wholesaler Metcash has recorded an annual loss of $149.5m – hit by the $352 million impairment within its food pillar –  though the company’s hardware division helped boost its underlying profit result for the full year. Underlying profit after tax increased 10.7 per cent to $215.6m, boosted by earnings growth in Metcash’s hardware pillar. Metcash generated sales revenue of $14.46bn, an increase of 4.3 per cent on the prior financial year after adjusting for a 53 trading w

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