JB Hi-Fi shares slump on margin warning

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.

More in National
Login Sign Up

Dummy text