JB Hi-Fi Must Be Still Selling A Lot Of Games And Consoles

JB Hi Fi Must Be Still Selling A Lot Of Games And Consoles Shannon Grixti

JB Hi Fi Must Be Still Selling A Lot Of Games And Consoles Shannon Grixti

But when the costs of The Good Guys acquisition (incurred in the previous half-year period) are included, its statutory profit increased by 37.4 per cent.

The figures incorporate financial performances of the companies three main business units, including JB Hi-Fi Australia, JB Hi-Fi New Zealand and The Good Guys.

Total sales in New Zealand dropped 0.4 per cent to $115.5 million ($NZ124.6 million).

JB Hi-Fi added that sales from its appliances chain, The Good Guys, which it bought in 2016, grew just 1.8 percent on a comparable store basis in the six-month period.

On these results, JB's Australian segment is continuing to perform strongly, though the same can't be said of The Good Guys and the New Zealand business.

"We are pleased with the progress we have made at The Good Guys and are confident about the future opportunities for the Group".

More news: Pence awkwardly avoids North Korean delegation at Olympics
More news: US, S.Korea agree to maintain pressure on N. Korea
More news: Tottenham vs Arsenal, Premier League

It noted key growth categories of communications, computers, audio, drones and games hardware. The segment only contributed 3.4% of total sales for the period.

"It was pleasing to see sales growth in The Good Guys throughout the half whilst we continued to take a considered and deliberate approach to change", he says.

The discount retailer signalled the shift for the New Zealand division past year, taking an A$15.8 million impairment charge on the business after reviewing the unit and deciding on a way to revive sales and fatten margins.

It now has a total of 311 retail stores across Australia and New Zealand.

The company now expects its full-year profit to be in the $235-$240 million range - beating its $172 million result last year.

Recommended News

  • Kim Jong Un invitations S. Korea's Moon to Pyongyang

    They were also served North Korean-style fermented fish and white "kimchi" or fermented cabbage. But Kim Jong Un seems determined to try to divide the allies.
    S.Korean PM hosts lunch for high-ranking N.Korean delegation

    S.Korean PM hosts lunch for high-ranking N.Korean delegation

    The dictator's sister, Kim Yo Jong, and the country's 90-year-old nominal head of state, Kim Yong Nam , were seated a row behind. The vice president also opted not to attend a dinner where he was expected to sit with a member of the North Korean delegation.
    Flake: 'Huge Drawback' if Trump Lacks Concern for Abuse Victims

    Flake: 'Huge Drawback' if Trump Lacks Concern for Abuse Victims

    The chief of staff added that the decision was made before photos of one of Porter's ex-wives with a black eye were published. No action was taken to remove him from the staff, and instead, Kelly and others oversaw an elevation in Porter's standing.
  • North Korea had frank, candid talks with South's president: KCNA

    North Korea had frank, candid talks with South's president: KCNA

    Moon has always expressed a desire to reach out to North Korea. "I clearly said so to President Moon", he said. Both Kim Yong Nam and Kim Jong-un's sister, Kim Yo Jong , also sat in Moon's box.

    1266 militants 'neutralized' in Turkey's Afrin operation

    Last Saturday, seven Turkish troops died in the worst single-day loss of the operation so far, with five killed in a tank attack. It was not immediately possible to verify this figure.

    Isaiah Thomas to come off bench vs. Mavericks in Lakers debut

    Ingram started his fifth straight game at the position and scored 22 points while knocking down four of five 3-pointers. The Lakers like to switch defensively quite often, and that left Thomas in some really bad situations defensively.
  • Teen Gerard wins slopestyle snowboarding for USA's 1st gold

    Teen Gerard wins slopestyle snowboarding for USA's 1st gold

    That last boarder was Parrot, who adjusted his run after falling on the same trick during his first two runs. McMorris, who suffered a tragic injury in the run up to the Games, finished in third with a 85.20.
    Merkel Stands Firm on German Coalition Deal in Rebuff to Critics

    Merkel Stands Firm on German Coalition Deal in Rebuff to Critics

    The SPD's 464,000 members have to ratify the four-year government program in a postal ballot. The results will be announced on March 4, according to party officials.
    Arsene Wenger Better on Players than Jose Mourinho — Henrikh Mkhitaryan

    Arsene Wenger Better on Players than Jose Mourinho — Henrikh Mkhitaryan

    To have Mkhi means I don't have one of them and, in this moment, I believe the other ones deserve [to be there instead]. I think at Manchester United he didn't get the freedom he really wanted to go and perform which he had at Dortmund .
  • Pence slams 'menacing' North Korea parade while promoting Trump's planned military spectacle

    Pence slams 'menacing' North Korea parade while promoting Trump's planned military spectacle

    Howard said they had chose to work together "to show the world, this is what peace could look like when two leaders get along". He added: "We get along personally, so I believe that Donald Trump and Kim Jong-un, if they talked they'd probably get along".
    Don't mention the score: North Korean media silent on 8-0 loss

    Don't mention the score: North Korean media silent on 8-0 loss

    After meeting with South Korea's leader on Saturday, Pence said there is "no daylight" between the nations' views on Pyongyang. North Korea is likely advancing its own strategic interests by playing into Moon's vision of a peaceful Korean Peninsula.
    Moon holds near 3-hour meeting with N. Korean delegates

    Moon holds near 3-hour meeting with N. Korean delegates

    Later, he skipped a formal dinner at which he was due to share a table with North Korea's ceremonial head of state Kim Yong Nam. But the North was welcomed with open arms to what South Korean President Moon Jae-in called "Olympic games of peace".

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.