MYR myer holdings limited

News: Myer H1 profit drops 19.8%

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    Myer Holdings Limited (ASX:MYR) has reported its first half net profit dropped 19.8 per cent to $87.3 million.



    The retailer attributed the result to a decline in consumer confidence.



    First half sales fell 1.7 per cent to $1.7 billion.



    Looking ahead, Myer has reconfirmed its full year net profit guidance of no worse than 10 per cent below its 2011 full result.



    A fully franked interim dividend of $0.10 per share has been declared.


 
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