Australia's Myer Holdings falls to 2-month low on lower YTD gross profit

Myer Holdings

13/01/2025 02:44

** Shares of Myer Holdings  MYR.AX  fall as much as 18.8% to
A$0.930, their biggest intraday pct loss since Sept 10, 2020 
        ** Stock hits lowest level since Nov 15, 2024
    ** The department store owner says operating gross profit
was about A$560 mln ($344.85 mln) YTD, a decrease of about A$15
mln on pcp
        ** Says total annual sales so far were A$1,592 mln, down
0.8% from the previous year
    ** About 6.5 mln shares change hands, 3.8 times the 30-day
average volume of 1.7 mln

    ($1 = 1.6239 Australian dollars)

 (Reporting by Manasi Dasa Sundeep in Bengaluru)
 ((Manasi.DasaSundeep@ThomsonReuters.com))