Michael Hill flags increased 1H earnings as sales rise 10 percent

Wed, 22 Jan 2014

By Suze Metherell Jan. 23 (BusinessDesk) - Michael Hill International, the jewellery chain that bears the name of its founder, expects first-half earnings to rise after reporting a 10 percent lift in sales over the period. Earnings before interest and tax were between A$29 million and A$30 million in the six months ended Dec. 31 from A$28.6 million a year earlier, the Brisbane based jeweller said in a statement. That came from as sales rose to A$270.8 million across all its stores from A$246.3 million in 2013. The revenue gains were led b...

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