Statutory profit after tax: A$500,000, down from A$35.2m.
Main takeaway: Market is ‘challenging’ and results ‘disappointing’, but the company says it is outperforming the market and has a strategy for future growth. New Zealand continues to under-perform.
Trans-Tasman jewellery retailer Michael Hill International, which flagged a major fall in earnings a month ago, has reported a result at the upper end of guidance but has still posted an after-tax loss for the 2024 financial year.
The dual listed company announced pre-tax earnings of A$15.9 million
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Statutory profit after tax: A$500,000, down from A$35.2m.
Main takeaway: Market is ‘challenging’ and results ‘disappointing’, but the company says it is outperforming the market and has a strategy for future growth. New Zealand continues to under-perform.
