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Shares in NZ's Michael Hill jump after strong H1 profits
February 12, 2015 / 9:21 PM / 3 years ago

Shares in NZ's Michael Hill jump after strong H1 profits

WELLINGTON, Feb 13 (Reuters) - Shares in New Zealand jeweller Michael Hill jumped on Friday after the company reported a jump in first-half profits.

Shares rose 3.48 percent to NZ$1.19 ($1), after the company said profits rose 45.9 percent to A$23.7 million ($18.34 million) in the first half after sales rose at its operations in New Zealand, Canada and the United States.

$1 = 1.2923 Australian dollars $1 = 1.3461 New Zealand dollars Reporting by Naomi Tajitsu

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