JB Hi-Fi NPAT is up 7.1 per cent

Company News

by Rachael Jones

JB Hi-Fi (ASX:JBH) reports their net profit after tax (NPAT) is up 7.1 per cent to $249.8 million, from $7.1 billion of sales. Last year it was $233.2 million.

Total sales growth for FY19 was 3.5 per cent and EPS was up 7.1 per cent to 217.4 cents per share (cps).

The key growth categories were Communications, Audio, Fitness, Games Hardware and Connected Technology.

Online sales grew 23.0 per cent to $258.0 million or 5.5 per cent of total sales, as the Online offer continues to evolve.

Shares in JB Hi-Fi (ASX:JBH) closed 0.25 per cent higher at $27.96.