Myer rewards long-suffering investors, shares surge18pc
Carrie LaFrenzSenior reporter
Updated
Myer shares surged more than 18 per cent to a six-year high after the department store rewarded its long-suffering shareholders with a special dividend, after posting its highest half-year net profit in almost a decade.
Chief executive John King said sales had held up in January and February, but the growth rate was slowing in a sign that higher interest rates and other cost of living pressures were starting to take effect.
Loading...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Retail
Fetching latest articles