Australia's Myer Holdings drops to 1-1/2-month low on weak FY earnings

Myer Holdings

20/09/2024 01:51

** Shares of Myer Holdings  MYR.AX  fall as much as 11.1% to
A$0.778, their lowest level since Aug 9
    ** The retailer posts FY profit attributable of A$43.5 mln 
($29.62 mln), down 28% from previous FY
    ** Co's FY total sales from ordinary activities were down
2.9% at A$3,266.1 mln from previous FY
    ** Co declares final fully franked dividend of 0.5 AU cents
per share
    ** About 1.3 mln shares change hands, 1.2 times the 30-day
average volume of shares
    ** Stock down 8.6% so far this year

    ($1 = 1.4686 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))