date:Jun 05, 2015
Metcash stated it will not be paying a final dividend for the 2014/15 financial year and plans to suspend dividends the following year also.
The writedown includes an impairment of $507 million relating to intangible assets (including $442 million in goodwill), and a further $133 million relating to other assets and obligations.
While we are making progress with the Groups strategic priorities, the Food and Grocery Pillar is operating in an increasingly competitive environment, said Metcash CEO