Michael Hill interim profit dips

JOSH MARTIN
Last updated 09:01 14/02/2014

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Jewellery retailer Michael Hill has reported a net profit of A$16.2 million (NZ$17.5m) for the six months to December 31, 2013, down 26 per cent from the previous corresponding period.

Operating revenue was $270m, up 9.8 per cent.

Shareholders will receive an interim dividend of 2.5 cents a share, payable on April 1.

Chairman Michael Hill said the board was ‘‘satisfied with the overall performance’’ and ‘‘remain[ed] confident in the continued growth and profitability of the group’’.

more to come

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- © Fairfax NZ News

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