Reported revenue: A$644m, down from A$645m year on year.
Statutory net profit/loss after tax: A$2.1m net profit, up from a net loss of A$500,000.
Key takeaway: The expansion of subsidiary brand, Bevilles, will be put on ice until at least Christmas.
Michael Hill International will halt the expansion of its lower-cost brand, Bevilles, while it re-examines the business model.
This morning, the NZX and ASX-listed retailer reported annual earnings for the 12 months through to June 29. In that announcement, the company said it would pause further