JB Hi-Fi Ltd Strong first half results
Strong first half results: JB Hi-Fi Ltd (ASX: JBH) stock surged over 3.19% on February 13, 2017 driven by their solid first half of 2017 results. JBH delivered an underlying NPAT rise of 31.7% year on year (yoy) to $125.4 million while statutory NPAT reached $110.4 million. The group also finished the $870 million acquisition of The Good Guys and despite a challenging start the performance is improving in the second half. The Good Guys sales for December 2016 rose 0.7% to $263.1 million as compared to the decline of 0.7% in the prior corresponding period. December 2016 earnings reached $14.3 million which was better than prior corresponding period (pcp) given the rising sales mix and good cost control. The group’s core market, Australian division performance was also outstanding during the period, wherein the sales rose 11.7% to $2.23 billion, against 8.7% in the prior corresponding period. Hardware and Services sales rose 15.8%, boosted by Communications, Audio, Cameras, Accessories, Computers and Home Appliance categories. Online sales showed a growth of 40.4% during the period as compared to pcp which now comprises 3.8% of total sales as compared to the FY16 mix of 3.0%.
To read the complete report CLICK HERE. To get your free report CLICK HERE
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people.Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376).The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation.Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product.The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd currently hold positions in: BHP, BKY, KCN, PDN, and RIO. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
Copyright © 2015 Kalkine Pty Ltd ABN 34 154 808 312. No part of this website, or its content, may be reproduced in any form without the prior consent of Kalkine Pty Ltd.
Kalkine is a trading name of Kalkine Pty Ltd ABN 34 154 808 312, which holds Australian Financial Services Licence No. 425376.