Discount retailer JB Hi-Fi has posted its first annual profit growth since 2010 thanks to stronger sales and improved margins. Net profit for the year to June 2013 rose 11.2% to $116.4M, above the company's own guidance of $112-116M announced in May. Total sales rose 5.8% to $3.3B while online sales, which account for around 2% of total sales, rose 29.8%. Shareholders will receive a final dividend of 22 cents per share. For further details visit: (VIEW LINK)


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James Marlay

Good performance in context of the current retail sentiment.