Revenue ($m) 556.5, up 13.1pc from year-earlier 492.1
Pre-tax profit ($m) 64.8, up 1340 pc from 4.5
Net profit ($m) 45.3, up 1361pc from 3.1
Final dividend of 3c payable on September 24
Michael Hill chief executive Daniel Bracken is optimistic about Christmas even though forced store closures have wiped at least $5 million from earnings in recent weeks and could cost more if lockdowns persist until October.
“When our business is open, we are absolutely flying,” Mr Bracken said on Monday after unveiling a better than expected 15-fold increase in profits for 2021.
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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
