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BRIEF-Myer Holdings updates on FY 2017 NPAT guidance
July 19, 2017 / 10:46 PM / 4 months ago

BRIEF-Myer Holdings updates on FY 2017 NPAT guidance

July 20 (Reuters) - Myer Holdings Ltd:

* Co now anticipates FY2017 NPAT (pre implementation costs and significant items set out below) to be between $66 million and $70 million

* Co anticipates FY2017 implementation costs (pre-tax) to be between $18 million and $20 million

* Announces decision to write down full carrying value of Myer’s 20pct stake in Austradia of $6.8 million

* Confirms it has been unable to secure a deal with UK based Arcadia group to allow for continuation of Topshop Topman concessions in Myer

* Daniel Bracken (chief merchandise and customer officer / deputy CEO) is leaving Myer Source text for Eikon: Further company coverage:

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