JB Hi-Fi

Australian consumer technology retailer, JB Hi-Fi (ASX:JBH) have announced a net profit of $82 million in the six months to December 31, 2012, up from $79.6 million on the previous corresponding period.

Consumer electronics retailer, JB Hi-Fi (ASX:JBH) has released its full year results.

• Full year net profit was down 4.6 percent to $104.6 million (from $109.7 million the previous year)
• Total sales for the year $3.13 billion (up 7 percent from prior year)
• Comparable sales down 1 percent.
• Gross margin fell by 9.4 percent to only 21.1 percent.
• On news of the announcement, JBH stocks hit a three month high of $9.92.

JB Hi-Fi (JBH) reported last night that it expects its half year earnings to decline by 5 per cent as its shares dropped by $1.96 or 13.1 per cent to $13.04 in the morning trade. The electronics retailer surprised the market by experiencing a downgrade on what is supposed to be the busiest time of the year.

ComputerShare

Share registry services provider Computershare Ltd's (ASX:CPU) full year profit fell by 10.4 percent while net profit dropped to $264.09 million for the 12 months to June 30 from $294.76 million last year. Revenue was flat from the previous year at $1.604 billion. ComputerShare declared final dividend of 14 cents per share, 60 per cent franked, unchanged from last year.

Dominos

Australian electronics retailer JB Hi-Fi (ASX:JBH) have reported sales of $1.68 billion for the six months to the end of December, up 8.3 per cent from the same period the previous year. Although, JBH forecasted a sales growth of 17 percent. Net profit for the half was $87.9 million, up 15.6 per cent from the same period last year, as gross margins were increased from 21.1 per cent of sales to 21.5 per cent. JB Hi-Fi opened 13 new stores in the half year.

Australian home entertainment and electronics retailer, JB Hi-Fi (ASX:JBH) has warned that sales are 5 percent below expectations so far but is expects sales to pick up in the second half. " The company expects to make up part of this shortfall in the second half, which is cycling less challenging comparable store sales.

Australian Electronics Retailer, JB Hi-Fi (ASX:JBH) have reported to the sharemarket that the company has increased full year profit by 26 percent with expectations of 17 percent growth in the current year. Net profit to June 30 2010 was $118.7 million, up from $94.438 million the previous year. JB Hi-Fi reported revenue from ordinary activities up 17.4 per cent to $2.731 billion, and gross profit up 18 per cent at $594.174 million.

JB Hi-Fi Dividend

JB Hi-Fi (JBH) records a 46.8% rise in sales in its New Zealand stores for the first half of the financial year. Revenue rose 28 percent to $1.26 billion for the half year, the company reported. Comparable store growth for the period was 11.1 per cent after currency adjustments with both Australia and New Zealand recording 11.3% growth.