Myer Holdings Reports Sales and Profit Decline

Myer Holdings Limited (AU:MYR) has released an update.

Myer Holdings Limited has reported a decrease in total sales by 2.9% to $3,266.1 million and a significant 28% drop in profit to $43.5 million for the 52-week period ended 27 July 2024, compared to the previous year. Dividends have also been reduced, with a final dividend of 0.5 cents per security for 2024, down from 1.0 cent in 2023. The net tangible assets per security showed a slight improvement from $0.23 to $0.22.

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