Australia's Michael Hill International rises on upbeat forecast

Michael Hill International

14/01/2022 04:41

** Shares of Michael Hill International  MHJ.AX  rise as
much as 2.5% to A$1.465
    ** Jewellery retailer expects https://www.asx.com.au/asxpdf/20220114/pdf/454zj177xdyyzz.pdf
 H1FY22 group comparable EBIT of A$49 mln ($35.66 mln) to A$53
mln, compared with H1FY21 comparable EBIT of A$44.6 mln
    ** Says group all-store sales up 9.8% y/y for the December
quarter and same-store sales up 9.6%
    ** Stock up for a third consecutive session
    ** 350,000 shares change hands, compared with the 30-day
average of ~250,000 shares 
    ** Stock up ~3.6% this year, as of last close 

($1 = 1.3740 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))