Myer grows into sales growth
Retailer Myer Holdings Limited (ASX: MYR) announced its half yearly results on Thursday, with the company posting its strongest sales growth in six years. Net profits fell 4% to $59.7 million, but that was well ahead of analyst forecasts, prompting CEO Richard Umbers to lift full-year guidance to $66 million to $72 million, from $64 million to $72 million previously. The announcement caused shares to rise 12.7% on the day and close up 8.8% for the week. We own Myer in the investment portfolio.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the Future Generation companies, the first LICs to deliver both investment and social returns.
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Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more...
Wilson Asset Management
Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more...
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