Revenue ($m) 319.9, down 2.9pc from year-earlier 329.5
Pre-tax profit ($m) 55.1 v 30.3
Net profit ($m) 39.0 v 21.4
Interim dividend (¢) 1.5 v 1.5, payable March 26
Jewellery retailer Michael Hill’s net profit jumped 82 per cent to $38.9 million in the December-half after a surge in online sales offset store closures which cost the group more than $20 million in lost sales.
The result included about $14.7 million in wage subsidies from the Australian, New Zealand and Canadian governments.
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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
