MYR myer holdings limited

News: Myer FY11 dips, FY12 to fall 10%

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    Myer Holdings Limited (ASX:MYR) has posted a fiscal 2011 net profit slightly below last year, but warned it expects a 10 per cent fall in fiscal 2012.



    The department store retailer has blamed "extremely challenging" conditions for a full year net profit of $162.7 million, compared to $168.7 million achieved the year before.



    In fiscal 2011 total sales dropped 5 per cent to $3.2 billion. Myer expects flat sales in the year ahead.  



    The forecasts are made with the assumption that trading conditions do not deteriorate further.



    Myer has declared a fully franked final dividend of 11.5 cents, taking the full year payout to 22.5 cents.


 
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Last
61.5¢
Change
0.010(1.65%)
Mkt cap ! $1.062B
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60.0¢ 62.5¢ 59.8¢ $3.415M 5.582M

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No. Vol. Price($)
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Price($) Vol. No.
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Last trade - 16.10pm 27/06/2025 (20 minute delay) ?
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