Myer Holdings Limited
(ASX:MYR) has announced its full year results for 2015, recording a near 70 per cent slide in statutory net profit to $29.8 million.
The embattled department store giant has also requested an immediate trading halt relating to a $221 million non-renounceable entitlements offer.
During the year, two stores were closed in New South Wales in Hustville and North Ryde, Myer also made a number of staff redundant.
Myer expects net profit for FY 2016 to be in the range of $64 million to $72 million.
The board says no final dividend will be declared for FY2015.
