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
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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:
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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 trading tools including alerts, conditional orders, stock screeners and comparison charts.
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
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
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