Business

JB Hello-Fi defies the robust Australian retail market, lifting revenue 35%

JB Hello-Fi defies the robust Australian retail market, lifting revenue 35%

Costumer electronics retailer JB Hello-Fi posted a 35.2% rise in full yr web revenue after tax to $233.2 million, a report end in a weak retail market.

Income on the group, which incorporates dwelling equipment chain the Good Guys, was up 21.79% to $6.85 billion.

The corporate says the robust progress was achieved via a mixture of the natural progress of the JB Hello-Fi enterprise and the complete yr contribution of the Good Guys in comparison with simply seven months in 2017.

CEO Richard Murray the outcome was one other report for gross sales and earnings.

“It was one other robust outcome for the JB HI-FI enterprise in Australia, as we proceed to thrill our prospects and ship on our strategic goals,” he says.

“While it was a difficult second half for the Good Guys enterprise, we made robust progress in the direction of our key initiatives as we place the enterprise for future progress.”

For JB HI-FI Australia, whole gross sales grew by 9.4% to $4.54 billion with comparable gross sales up 6.2%.

On the Good Guys, whole gross sales for the twelve months to June have been up 1.5% to $2.1 billion and comparable gross sales 0.9% greater.

In 2019, the corporate expects group gross sales of about $7.1 billion.

Murray mentioned: “We’re clear on our goals for the subsequent 12 months and are excited within the outlook for the enterprise”.

The complete yr dividend was a completely franked 132 cents, up virtually 12%.

The outcomes at a look:

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