First Impression: Myer (MYR) FY16 Result

Bell Potter


Operating gross profit margin declined by 164 basis points to 38.7% (strong concession sales and lower Myer Exclusive Brands (MEB) sales) | The cost of doing business margin reduced by 93 basis points to 32.5% | Net operating cash flows improved by $36 million to $186m.

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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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