JB Hi-Fi to post bumper 1H profit

Company News


JB Hi-Fi Limited (ASX:JBH) expects to post a bumper first half profit of $90.3 million, up 10 per cent in the same period a year ago.
 
In a trading update, the retailer says total sales lifted by close to 7 per cent to $1.94 billion.
 
The results are subject to an audit, however JB Hi-Fi has maintained its full year sales growth guidance of between 6 and 8 per cent.
 
JB Hi-Fi saw comparable sales growth of 2.8 per cent.
 
Earnings per share jumped by 9 per cent in the first half.

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