Myer (MYR) $88.1million profit last 6 months


Myer $88.1m profit last 6 months

Myer $88.1m profit last 6 months

Myer Holdings Ltd. operates department stores, which relisted on the Australian Stock Exchange late 2009.

The Company retails womens wear; mens wear; youth fashion; childrens wear; intimate apparel; beauty, fragrance and cosmetics; housewares; electrical goods; toys; fashion accessories; and general merchandise.

Myer has announced a net profit of $88.1 million for the six-months ending January 28, a 17.5% decrease on the previous corresponding period

Total sales fell 1.7% to $1.7 billion over the same period.

The company warned that it expects weak to flat sales in the second half of the year.

Myer also said that it will pay an interim dividend of 10 cents, down from 11.5 cents a year earlier.

For FREE Daily Trading Recommendations, Click Now!