JB Hi-Fi full-year net profit jumps 35%

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JB Hi-Fi has posted a 35 per cent jump in full-year net profit, boosted by its takeover of rival The Good Guys, with the consumer electronics giant set to open a handful of new stores.

Net profit rose to $233.2 million for the year ended June 30 from $172.4 million a year earlier, thanks to a 21.8 per cent jump in revenue to $6.85 billion, although sales growth for 2018/19 has slowed down.

JB Hi-Fi will pay a final dividend of 46 cents a share fully-franked, up nine cents from a year earlier.

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