JB Hi-Fi (ASX:JBH) lifts FY10 profit 26%

JB Hi-Fi (ASX:JBH) lifts FY10 profit 26%

JB Hi-Fi (ASX:JBH) has recorded a 26% increase in FY10 profit to $118.7 million, due to strong sales of computers an telecom products.

The company recorded sales of $2.7 billion, up 17% from FY09. Sales were also strong in the visual and accessories segment, JB Hi-Fi said.

Gross margin improved to 21.8% from 21.6%, and operating costs shrank to 14.5% from 14.7%.

JB Hi-Fi will pay a final dividend of 33 cents per share, bringing the total to 66 cents. JBH shares have today declined 0.51% to $19.450.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags retailJB HiFifinancial resultsASX:JBH

Show Comments