BUZZ-Australia's Metcash hits over 3-1/2-year low on bleak HY profit outlook

Reuters10-25

** Shares of Metcash fall as much as 3.9% to A$3.170, their lowest level since Dec 4, 2020

** Stock on track for their fourth consecutive day of losses ** Marketing co sees group underlying net profit after tax between A$132 mln ($87.57 mln) and A$135 mln for H1 FY25 ** Co posted underlying profit after tax of A$142.5 mln in H1 FY24

** Says year-to-date group sales are up 6.3% from last year

** Says there has been further margin pressure in retail stores in September and October for its independent hardware division

** Stock down 5.4% YTD as of last close

($1 = 1.5074 Australian dollars)

(Reporting by John Biju in Bengaluru) ((mailto:John.Biju@thomsonreuters.com))

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