BUZZ-Australia's Metcash falls to near 2-week low on tepid annual results

Citigroup Inc.

Citigroup Inc.

C

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** Shares of Metcash MTS.AX fall as much as 3.1% to A$3.08, their lowest level since June 10

** The wholesale distribution firm posts full-year net profit attributable of A$279.1 million ($195.59 million), down 4.2% pcp

** Brokerage firm Citi says hardware trading conditions are expected to remain challenged through FY27 with retail margins likely to remain under pressure

** Citi maintained its "sell" rating on Metcash stock

** About 6 million shares change hands, 1.2 times the 30-day avg

** Down 5.3% YTD, including the session's moves

($1 = 1.4269 Australian dollars)