11 Jul 2012

Jewellery sales up 5%

7:15 am on 11 July 2012

Michael Hill International has recorded yearly sales of $510 million, helped by strong performances in New Zealand and North America.

This was an increase of 5% for the jewellery retailer compared with the year before.

Forsyth Barr retail analyst Guy Hallwright, says the company has battled tough trading conditions in Australia, its largest market, and will be content with the figures.

Full year results are expected on 17 August.