Fashion jewellery chain Lovisa Holdings posted an 18.2% revenue increase to $373 million in the first half of FY24 despite a 4.4% dip in comparable store sales.

The company achieved a gross margin of 80.7% and a 12% rise in net profit after tax to $53.5 million.

The growth was driven by opening 74 new stores and expanding the global network to 854 locations, including entry into China and Vietnam.

An interim dividend of 50 cents per share, 30% franked, was declared, higher than the prior-year dividend of 38 cents per share.