Company News Summary | 11 Feb 2019

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JB Hi-Fi Announces Half Year 2019 Results

09:17:00 | Associate analysts

Original annuncemenet:Company Announcement - 2019 Half Year Results

JB Hi-Fi announced Half Year 2019 results. It reported net profit after tax (NPAT) is up 5.5% to $160.1m. The total sales growth for HY 2019 was 4.2%. Group EBIT was up 4.8% on the pcp to $236.6m and EPS was up 5.4% to 139.4 cps. The Board has declared an interim dividend of 91 cps fully franked, up 5.8% from the pcp, representing 65% of NPAT. The Company continues to see positive sales growth, however in the Christmas quarter and January there has been increased volatility and a bias in customer purchasing towards key promotional periods. The total group sales are to be $7.1bn.

This report appeared on 2019 Morningstar Australasia Pty Limited

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