JB Hi Fi lifts profit, aims to expand

Posted on 11/02/2009  

Retailer JB Hi-Fi has announced a 41% rise in first-half net profit and detailed plans to expand its store numbers around Australia. The net profit after tax of $59 million was well above market forecasts. JB Hi-Fi has 101 stores and plans to open 15 new stores per year to reach its target of 150 stores in Australasia.

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