The financial analysis summarizes Myer's 2016 full year results released in September 2016. It shows that while sales declined slightly by 1%, costs increased by 2% leading to a small decline in gross profit. However, net profit increased significantly by 103% due to a reduction in other expenses. Several liquidity and efficiency ratios declined slightly but stability improved as debt levels decreased from 54% to 41% of total assets. Overall, the results indicate improved profitability despite lower sales.