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Dazzling Year for Michael Hill

Dazzling Year for Michael Hill

Michael Hill International opened the day with a sparkler of a result, net profit after tax up 32.6% at $34.50m, compared with $26.01m last year, the markets website www.headliner.co.nz reported this morning.

The company lifted total dividend to 4.5cps, with a final div of 3cps.
Earnings per share have leapt 32.6% to 9.02c.

The company’s revenue increased by 10.3% to $489.33m, perhaps adding to the old tenet that in tougher times people still turn to jewellery because they try to hang onto some of the pleasures in life.

For the key business points , and the results presentation, from this morning’s results presentation, go to www.headliner.co.nz

ends

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