JB Hi-Fi sees first-half NZ sales fall 6 percent from RWC boom, profit gains

Mon, 11 Feb 2013

Feb. 11 (BusinessDesk) - Australian discount consumer electronics chain JB Hi-Fi's New Zealand sales fell 6 percent in the first half from a year-earlier result boosted by the 2011 Rugby World Cup, though it still managed to lift profit. Sales fell to $117.5 million in the six months ended Dec. 31 from $124.9 million a year earlier, the ASX-listed company said in a statement. The fall in sales came from a boost in revenue in 2011 when New Zealand hosted the Rugby World Cup and reaped the benefits from an influx of tourists and keen sports su...

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