JB Hi-Fi sales and revenue lift

Company News

by Jessica Amir

Australia’s largest home entertainment retailer JB Hi-Fi (ASX:JBH) has reported its net profit attributable to shareholders rose to $152 million in the half year ending December 2017. That’s a rise of 37 per cent or $41 million from the same time last year.

Its total sales rose to $3.7 billion, rising 41 per cent from the 2016 half year’s sales of $2.6 billion.

As for its earnings before interest and tax (EBIT) it bolstered over the period, rising by 25 per cent or by $45 million rising to $226 million.

The company declared a higher interim dividend of 86 cents per share for the year ending June 2018.

Shares in JB Hi-Fi are trading 4.9 per cent lower to $26.73.

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.