Original article by Bridget Carter
The Australian – Page: 19 : 12-Aug-14

Electronic goods retailer JB Hi-Fi has announced a 2013-14 full-year net profit increase of 10.3% to $A128.4m, as had been tipped. Turnover grew 5.3% to reach $A3.48bn, and was up 2% on a like-for-like basis. However the company also conceded that revenue declined 5.5% year-on-year during the month of July 2014, as consumers bought fewer tablet computers. CEO Richard Murray said new devices would compensate for this during the course of 2014-15. The 12-month distribution is $A0.84, up 16.7%, and on 11 August the stock fell $A1.53 to close at $A17.84.

CORPORATES
JB HI-FI LIMITED – ASX JBH, JB HI-FI HOME, MOELIS AND COMPANY