Michael Hill annual sales rise 3.4% as declines in Australia outweighed by gains in other markets

Thu, 16 Jul 2015

By Tina Morrison July 17 (BusinessDesk) - Michael Hill International, the listed jewellery retailer, increased full-year sales 3.4 percent as a decline in its biggest market of Australia was outweighed by gains in New Zealand, Canada and the US. Sales rose to A$495.6 million in the 12 months ended June 30, from A$479.3 million a year earlier, the Brisbane-based company said in a statement. The sales figures don't include its new Emma & Roe stores. Michael Hill has previously warned weakness in Australia is likely to weigh on full-year...

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