Michael Hill lifts 1H profit 3.4% on jewellery chain expansion

Thu, 16 Feb 2017

By Tina Morrison Feb. 17 (BusinessDesk) - Michael Hill International, the jewellery chain business founded by its namesake, posted a 3.4 percent increase in first-half profit as it opened more stores. Profit rose to A$25.8 million, or 6.66 cents per share, in the six months ended Dec. 31, from A$24.9 million, or 6.48 cents, a year earlier, the Brisbane, Australia-based company said in a statement. The jewellery retailer opened eight new Michael Hill branded stores in the period, taking the total to 305, and eight new Emma & Roe brande...

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