JB Hi-Fi Limited
ASX:JBH ISIN:AU000000JBH7
JB Hi-Fi Limited (JB Hi-Fi) (ASX:JBH) is engaged in the retailing of home consumer products. The Company has two segments: Australia and New Zealand. It is involved in the sale of consumer electronics products and services, including televisions, audio equipment, computers and cameras; software, including Compact Discs (CDs), Digital Versatile Discs (DVDs), Blu-ray discs and game; whitegoods, cooking products and small appliances; telecommunication products and services; musical instruments, and digital video content. The Company also offers information technology and consulting services. The Company has approximately 60 JB Hi-Fi Home branded stores, including over four in New Zealand. The Company operates approximately 190 physical stores. The Company offers various solutions, such as corporate, government and education sales of products and services, and insurance replacements. The Company also offers JB Hi-Fi Home roll-out. The Company has approximately 40 stores with small appliances.
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Overnight Wall Street closed more than 5% down on growing fears that the spiralling credit crisis would drag the US economy into a recession. While the global financial crisis deepened, RBA cut the interest rate by a full percentage point, double the amount that had been expected.
JB Hi-Fi Limited (ASX: JBH) today reported a record half year net profit of A$41.9 million (HY07 A$26.2 million) from A$989 million of sales (HY07 A$659 million) for half year ending 31 December 2007. The profit for the half year exceeded last year's full year profit of A$40.4 million.
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