Michael Hill annual profit rises 67%, boosted by Australia, NZ, Canada

Sun, 20 Aug 2017

By Tina Morrison Aug. 21 (BusinessDesk) - Michael Hill International, the jewellery retailer founded by its namesake, boosted annual profit by two thirds as its Michael Hill chain grew steadily in its main markets of Australia and New Zealand and recorded stronger growth in Canada. Still, it posted wider losses in its troubled US business and its fledgling Emma & Roe chain. Profit rose to A$32.6 million, or 8.45 cents per share, in the 12 months ended June 30, from A$19.6 million, or 5.09 cents, a year earlier, the Brisbane, Australia-bas...

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