Discount retailer JB Hi-Fi (JBH) issued an in line with forecast $90.3 million net profit for the six months ending December 2013

CommSec

Online Stockbroker

Discount retailer JB Hi-Fi (JBH) issued an in line with forecast $90.3 million net profit for the six months ending December 2013. The gross margin of 21.63% was a 0.11% rise on the previous year; a positive sign that JBH is increasing revenues, while making more money on each sale. This is particularly a positive considering our weaker dollar. Online sales rose by 15.4% (only account for 2.2% of total sales). JBH delivered a fully-franked 55c dividend; payable to investors on 28 Feb. Looking ahead, JBH has maintained sales guidance and expects NPAT between $126m-$129m over FY14. Watch here:


CommSec
Online Stockbroker
Online Stockbroker

CommSec is Australia's leading online broker. CommSec has been committed to providing the best in online trading since 1995. CommSec helps make informed investment decisions with comprehensive market research, free live pricing and powerful...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.