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BRIEF-Myer Holdings Posts H1 Profit Attributable $24.4 MLN

Published 05/03/2020, 09:51 am
Updated 05/03/2020, 09:56 am
© Reuters.  BRIEF-Myer Holdings Posts H1 Profit Attributable $24.4 MLN
MYR
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March 5 (Reuters) - Myer Holdings Ltd MYR.AX :

* H1 TOTAL SALES FROM ORDINARY ACTIVITES DOWN 3.8 PERCENT TO $1.61 BILLION

* H1 PROFIT ATTRIBUTABLE $24.4 MILLION VERSUS PROFIT OF $38.4 MILLION

* H1 ONLINE SALES UP 25.2% TO $168.2 MILLION

* SUPPLY CHAIN IMPACT OF CORONAVIRUS IS CURRENTLY BEING MANAGED BY TEAMS IN HONG KONG AND SHANGHAI

* TEAM FOCUSED ON MITIGATING IMPACT OF DELAYS TO PLANNED DELIVERY OF MERCHANDISE

* ANTICIPATES CHALLENGING MACRO ENVIRONMENT WILL CONTINUE IN H2, AND ONGOING IMPACT OF CORONAVIRUS ON STORE TRAFFIC REMAINS UNCERTAIN

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