Myer Holdings Ltd (MYR.AX)
27 Feb 2017
* Refers to announcements concerning group proceedings commenced against company by Melbourne City Investments Pty Ltd
Nov 18 Australian shares closed the week slightly higher, with Friday's session underpinned by gains in financial stocks in step with a strong rally on Wall Street after Federal Reserve Chair Janet Yellen's hawkish comments.
SYDNEY, Nov 18 Australian retail giant Myer Holdings Ltd on Friday said it expects a return to net profit growth in 2017, as it revamps its strategy in the face of fierce competition from e-commerce stores and global "fast fashion" chains.
SYDNEY, Nov 18 Myer Holdings Ltd, Australia's biggest up-market department store operator by sales, said on Friday it expects a return to net profit growth in 2017, sending its shares up as much as 10 percent.
* "Expect EBITDA growth to exceed sales growth from fy2017 and a return to NPAT growth"