Business
Virus lockdown lifts JB HiFi to 21 per cent profit increase as customers work from home – PerthNow
Entertainment retailer JB HiFi has posted a 21 per cent increase in profits for the 2019/20 financial year as customers spend up on electronic equipment.
Entertainment retailer JB HiFi has been buoyed by customers spending more on electronic equipment to shore their home offices during the coronavirus pandemic, posting a 21 per cent profit rise for the 2019/20 financial year.
The profit of $302 million came as sales rose 11.6 per cent to $7.9 billion across the group, which includes stores in both Australia and New Zealand and the Good Guys whitegoods retailer.
The group is paying a dividend increase of 47 cents per share – or 33 per cent – to …
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