JB Hi-Fi Limited (ASX:JBH) has lifted its first half net profit by 3 per cent and flagged a 7 per cent improvement in its full year result.
The electrical retailer reported a net profit of $82.1 million in the last half of 2012, boosted by higher gross margins which helped to offset higher costs.
CEO Terry Smart says the company has seen a positive start to the New Year with comparable store sales growing 4.2 per cent in January 2013.
As a result JB-Hi-Fi expects to deliver a net profit of between $108 to $112 million in the full 2013 financial year.
A fully franked dividend of 50 cents per share has been declared.
