Myer: Interim result 2013

A return to the basics of retailing combined with improved consumer sentiment have led to a better than expected interim result for Myer.

Myer has reported better than expect interim results, following similar news from other retailers such as Harvey Norman and JB Hi-Fi. Sales rose 1.7% to $1,732.5m, helping to boost net profit by a similar amount to $89.2m. From earnings per share of 15.1 cents, up 0.7%, a 10 cent fully franked interim dividend was declared (ex date 23 March).

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