JB Hi-Fi's NZ sales edge up in 2014, earnings gain 35%

Sun, 10 Aug 2014

By Paul McBeth Aug. 11 (BusinessDesk) - Australian discount consumer electronics chain JB Hi-Fi's New Zealand sales edged up 0.9 percent in the 2014 financial year, lagging the group's gains, though local earnings still climbed 35 percent. New Zealand sales rose to $211.4 million in the 12 months ended June 30 from $209.4 million a year earlier, and were up 0.8 percent on a comparable sales basis, the Melbourne-based company said. That lagged the 5.3 percent increase in group sales to A$3.48 billion for a 10 percent increase in net profit...

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