Michael Hill shares gain after annual earnings seen up by as much as 5.9%

Thu, 07 Jul 2016

By Paul McBeth July 7 (BusinessDesk) - Michael Hill International, the listed jewellery chain that's shifting its primary listing to Australia, lifted annual earnings by as much as 5.9 percent, boosting sales across all its territories and opening new Emma & Roe stores. The shares jumped 15 percent to NZ$1.31 on the NZX. Earnings before interest and tax was between A$46 million and A$48 million in the 12 months ended June 30, up from A$42.1 million a year earlier, the Brisbane-based company said in a statement. Annual sales rose 8.9...

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