Myer unveiled a 14.8 per cent annual profit jump and kicked off its $2.4billion pre-Christmas public float as the share market hit fresh 11-month highs amid strong consumer sentiment.
Myer's float pre-registration hotline and website went live for 3.1million Myer One loyalty members and 13,500 staff to register their interest in shares in the 110-year-old retailer.
Myer's net profit rose from $95million to $109 million for the 12 months to July 25, but revenue eased 1.8 per cent to $3.261 billion.
The local bourse has climbed 291 points since August 4, when Myer announced a review to consider an initial public offering, 39 months into its 50 month turnaround strategy.
The turnaround has resulted in a significant lift in earnings before interest and tax that jumped 10.6 per cent in fiscal 2009 to $236 million.
For more, pick up a copy of today's Canberra Times
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