KEY POINTS:
Michael Hill International has reported a 27.1 per cent rise in half year net profit after tax to $19.5 million.
The company said the result was achieved with a focus on supply chain and margin management which impacted on the second quarter.
The group's philosophy of controlled profitable growth would continue and further new stores were being evaluated for New Zealand, Australia and Canada.
The result for the six months to the end of December was achieved on operating revenue up 4.8 per cent to $209.2m, with earnings before interest and tax up 27.8 per cent to $30.8m.
An interim dividend of 1.2c per share, with full imputation credits, was announced, compared with 1c a year ago.
- NZPA
