JB Hi-Fi first-half profit rises 5.5pc to $160.1m, full year sales affirmed

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JB Hi-Fi lifted its interim dividend by 5¢ to 91¢ a share, payable on March 8.

Analysts believe that JB Hi-Fi is faring better than rival Harvey Norman as falling house prices, rising household living costs and lacklustre consumer sentiment dent demand for big ticket purchases such as televisions and large appliances.

JB Hi-Fi shares have fallen 14 per cent since the full-year results in August but at $22.48 are trading above last month’s low of $20.42.

More to come.

JB Hi-Fi’s interim financial results.  

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