Quote:
quote:MHI
11/10/2004
QUARTER
REL: 1259 HRS Michael Hill International Limited
QUARTER: MHI: Michael Hill International sales up 9.6% for first quarter
Michael Hill International Limited
3 months sales to 30 September 2004.
Note that these figures represent 2 months actual and September preliminary
figures excluding accounting adjustments.
Last Year This Year
% Var
NZ same stores 15,107,710
15,474,224 2.4%
Australia same stores 28,852,241
30,157,059 4.5%
Canada same stores
1,055,223 1,103,592 4.6%
Total same stores
$45,015,174 $46,734,875 3.8%
NZ all stores 15,107,710
15,474,224 2.4%
Australia all stores
29,256,672 33,102,052 13.1%
Canada all stores
1,055,223 1,204,519 14.1%
Total all stores $45,419,604
$49,780,795 9.6%
The above figures are all in NZ Dollars.
Exchange rate used for conversion to NZ dollars
Australia .88
.92
Canada
.84 .86
Comments
In the first quarter, 4 new stores were opened in Australia and 2 new
stores opened in Canada.
Same store sales in Australia were up 9.3% in Australian dollars - the first
quarter exchange rate last year being .88 versus .92 this year.