JB Hi-Fi lifts profit by 7.5%

Company News


JB Hi-Fi Limited (ASX:JBH) says first half net profit is up by 7.5 per cent. 
 
Revenue came in at $95.2 million on the back of strong sales of products such as Fit Bits and other IT items. 
 
The result was in line with expectations with the company also increasing its interim dividend by 4 cents to 63 cents per share. 
 
However many analysts believe that the company could profit from the recent collapse of Dick Smith Holdings. 
 
Full year guidance is for sales of $3.85 billion, which is in line with its 5.8 per cent growth.

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