JB Hi-Fi bucks trend, lifts sales and profit

Original article by Sue Mitchell
The Australian Financial Review – Page: 13 & 16 : 13-Aug-19

JB Hi-Fi released its results for the 12 months ending June on 12 August, with Australia’s largest consumer electronics retailer reporting a net profit of $249.8 million, up 7.1 per cent. Sales rose by 3.5 per cent to $7.09 billion, while JB Hi-Fi declared a final dividend of $0.51 per share, bringing its total dividends for the year to $1.42. CEO Richard Murray says he is "cautiously optimistic" about the coming year, while he is forecasting sales of around $7.25 billion for 2019-20.


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