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Christmas sales boost Michael Hill’s margins

Jewellery retailer Michael Hill International says “pent-up demand” and “strong economic conditions” boosted sales in its December half. In a trading update of unaudited accounts for the period ending January 1, the business says sales grew 11.7 per cent to A$363.3 million. Earnings before income and taxes are expected to range between $52 million to $55 million. By segment, the Australian business registered an 18 per cent increase to $190.6 million, New Zealand reported a 13.8 per cent
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