Sales climb to $425m in the nine months ended March 31, from $390.8m a year earlier.

Boost in Australian sales boosts jeweller's earnings.

Shares rise as Sir Michael Hill looks beyond Australasia, which he says will be saturated with his jewellery stores within five years.

Total sales climb to $116.4 million in the three months ended September 30, from $101.8 million a year earlier.

The ATO disputes about $40 million of the $50.2 million deferred tax asset raised as a result of the IP being transferred.