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Lovisa posts strong revenue growth

Lovisa, the Australian jeweler, reported that its revenue grew 18.2% to $373 million in the first half of the fiscal year, despite a 4.4% drop in comparable store sales. The company expanded its global presence with 74 new store openings, reaching a network of 854 stores across 40 markets, including debuts in China and Vietnam. EBIT increased to $81.6 million (up 16.3%), with net profit after tax rising to $53.5 million (up 12%).

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