JB Hi-Fi reaffirms $7.1b sales guidance

Company News

by Rachael Jones

JB Hi-Fi (ASX:JBH) held their 15th Annual General Meeting today showing sales, profits and dividends all up on the prior year ending 30 June 2018.

The group's guidance for total sales of around $7.1 billion in financial year 2019 was reaffirmed. 

Group NPAT was 233.2 million up 12.3 per cent on the prior corresponding period.

The Group achieved sales of $6.9 million up 21.8 per cent on the prior year and EBIT of $350.6 million, up 14.5 per cent on the prior year.

The total dividend paid relating to FY18 was 132 cents per share, up 14 cents per share on the prior year.

Shares in JB HI-Fi (ASX:JBH) trading 3.2 per cent lower at $22.82.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.