JB Hi Fi Limited
(ASX:JBH) has announced its underlying net profit after tax soared 31.7% in the first half of the 2017 financial year, compared to the prior corresponding period.
The retailer’s NPAT hit $125.4 million in the period while its total sales soared by $499.4 million, compared to the prior corresponding period.
It comes as the company completed its $870 million takeover of the Good Guys in November 2016.
Despite the Good Guys experiencing a challenging start to the financial year, performance lifted throughout the year into the second half.
JB Hi Fi’s dividend per share also climbed 14.3%, while its underlying earnings per share jumped 22.4% up from the prior corresponding period.
JB Hi Fi Limited
(ASX:JBH) reported a net profit of $152.18 million at 30 June 2016.
