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Myer Holdings Limited (ASX:MYR) has reported a fall in its interim profit and forecast its profit will also drop over the full 2015 financial year.
The department store retailer’s net profit declined 23 per cent to $62.2 million in the first half of the 2015 financial year while total sales rose 1.5 per cent to $1.8 billion.
The results come just weeks following the departure of Myer’s CEO Bernie Brookes and Chief Financial Officer Mark Ashby.
Looking ahead the company expects to report an annual profit of between $75 and $80 million, excluding one-off costs, dropping from $98.5 million generated the year before.
A fully franked interim dividend of 7 cents per share has been declared.
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65.0¢ |
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Mkt cap ! $1.123B | |||
| Open | High | Low | Value | Volume |
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| MYR (ASX) Chart |