JB Hi-Fi Ltd
(ASX:JBH) has booked a record half-year net profit, rising 15.6 per cent over the year before to $87.9 million.
The electrical retailer has also boosted its full-year net profit guidance, the company now expects to deliver net profit of between $134 million to $139 million.
In the six months to 31 December JB Hi-Fi total sales gained 8.3 per cent to $1.68 billion.
CEO Terry Smart says while the company expects a volatile and competitive market in the second-half, it remains confident that it can deliver another record year of sales and earnings.
In the first half of the current financial year JB Hi-Fi opened 13 stores in Australia and New Zealand, and the company expects to open 15 stores per annum until it reaches its target of 210 branded stores.
JB Hi-Fi has declared a fully franked interim dividend of 48 cents per share.
In the year to 30 June 2010, JB Hi-Fi recorded a net profit of $118 million.
