AUSTRALIAN RETAILER'S COMEBACK CONTINUES

SYDNEY, Australia (FNS) -- The newly restructured Australian grocery wholesale distributor and marketer Metcash Trading (formerly the Davids supermarket chain) here said last week it has continued its strong recovery.Earnings for the first half were up 32% percent to more than $13.5 million, and sales rose 15.7% to $1.25 billion. The company said these results reflect Metcash Trading's 1% rise in

SYDNEY, Australia (FNS) -- The newly restructured Australian grocery wholesale distributor and marketer Metcash Trading (formerly the Davids supermarket chain) here said last week it has continued its strong recovery.

Earnings for the first half were up 32% percent to more than $13.5 million, and sales rose 15.7% to $1.25 billion. The company said these results reflect Metcash Trading's 1% rise in marketshare across Australia.

Each of the group's four divisions (IGA Distributi

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