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Myer cut its debt by $57 million, which equates to a third of its total debt.

Myer shares soar after first-half profit

Myer shares are soaring after the department store chain cut its debt by a third and posted a $38.4 million first-half profit.

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Myer (MYR)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/02/19

1 year TSR5 year TSR
84thHarvey Norman42%26%
111thAPA Group31%15%
271stAurizon-1%12%
355thMyer-14%-28%
385thTPG Telecom-20%46%
730 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

31st-Aurizon$3,458.0m
32nd↑Harvey Norman$3,018.6m
33rd-Myer$2,572.3m
34th↑TPG Telecom$2,480.5m
35th-APA Group$2,356.3m
79 listed non wa companies ranked by revenue.
Source: Morningstar

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