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Metcash sales and profit surge as Covid’s impact weakens

(Source: Metcash)
Metcash has reported a surge in underlying EBIT of 63.8 per cent against pre-Covid levels of three years ago in a result CEO Doug Jones described as “a pleasing half”. In the six months to October 31, group revenue was up 8.2 per cent year on year to $7.7 billion, with underlying profit reaching $255.1 million, up 10.3 per cent on-year.  Profit after tax of $125.7 million was up by 182.9 per cent compared with three years ago. Jones said the growth was achieved despite strong infla
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