Business
JB Hi-Fi profits hit $302m, boosted by people working from home – NEWS.com.au
JB Hi-Fi profits hit $302 million, boosted by people working from home
JB Hi-Fi Limited has enjoyed a bumper year in which net profit jumped by a staggering 21 per cent to $302.3 million as a direct result of the COVID-19 pandemic.With countless Australians across the country working from home during the public health crisis, the electronics retailer experienced a massive spike in sales of certain products such as laptops, monitors and headphones.
Meanwhile, the unprecedented coronavirus lockdown also drove up sales for home appliances like coffee machines and air…
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