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JB Hi-Fi shares slump on margin warning

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February 12, 2018

A revenue surge has helped lift JB Hi-Fi's half-year profit 37.4 per cent to $151.7 million.

JB Hi-Fi has lifted first-half profit 37.4 per cent to $151.7 million after a healthy Christmas sales performance across its expanded store network.

The home electronics and entertainment retailer says sales revenue for the 12 months to December 31 surged 41 per cent to $3.69 billion, reflecting the November 2016 acquisition of rival The Good Guys.

The company lifted its interim dividend 14 cents to 86 cents, fully franked.

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