From 'The Australian' online:Myer's outlook cloudy as profit dropsMyer has posted a 39.7 per cent slide in its half-year net profit to $30.4m as difficult trading conditions that put a cap on sales and pressed down profitability in the lead up to Christmas continue.
The department store owner, which recently finalised the purchase of the apparel brands portfolio from Solomon Lew’s Premier Investments, has completed its strategic review. This includes refinancing of its debt facility, which will save $3m in the second half and ring up annual savings of $11m.
Sales for the 26 weeks to January 25 came in flat at $1.83bn. Profit before accounting for impairments and restructure charges was down 18.5 per cent to $42.4m.
From 'The Australian' online:Myer's outlook cloudy as profit...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
64.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.101B | |||
| Open | High | Low | Value | Volume |
| 64.0¢ | 64.5¢ | 63.0¢ | $704.5K | 1.101M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 188319 | 64.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 64.5¢ | 127345 | 20 |
View Market Depth
| Last trade - 11.38am 17/06/2025 (20 minute delay) ? |
| MYR (ASX) Chart |