JB Hi-Fi's NZ first-half sales, earnings fall in 'very competitive' market

Sun, 01 Feb 2015

By Paul McBeth Feb. 2 (BusinessDesk) - JB Hi-Fi's New Zealand sales and earnings fell in the first half of the financial year in what the Australian discount consumer electronics chain says is a "very competitive" market. New Zealand earnings before interest and tax dropped to $2.5 million in the six months ended Dec. 31 from $2.7 million a year earlier, as sales declined 4.3 percent to $113 million, the Melbourne-based company said in a statement. That lagged behind the company's dominant Australian segment, which lifted sales 1.4 percen...

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