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