Michael Hill boosts 1H sales 8.7% on 'steady' margins; mulls ASX listing

Thu, 07 Jan 2016

By Tina Morrison Jan. 8 (BusinessDesk) - Michael Hill International, the listed jewellery retailer, increased first-half sales 8.7 percent and maintained its gross margin even as the US dollar strengthened. Sales rose to A$306.3 million in the six months ended Dec. 31, from A$281.7 million in the year earlier period, the Brisbane-based company said in a statement. Same-store sales gained 4.8 percent to A$289.8 million. The retailer, which had previously flagged that gross margins were under pressure from a strong US dollar, said today...

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