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 joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.