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JB Hi-Fi, an Australian electronics retailer, reported a 20% half-year net profit fall to A$264.3 million due to reduced consumer spending amid high inflation.
JB Hi-Fi, an Australian electronics retailer, reported a 20% fall in half-year net profit to A$264.3 million due to reduced consumer spending amid high inflation.
While half-year sales were A$5.16 billion, down 2% from the previous year, the company's comparable sales in Australia increased by 0.1% and in New Zealand rose by 1.2%.
However, comparable sales at its Good Guys home-appliance chain fell by 9.9%.
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JB Hi-Fi, un minorista australiano de electrónica, informó una caída semestral del beneficio neto del 20 % hasta los 264,3 millones de dólares australianos debido a la reducción del gasto de los consumidores en medio de una alta inflación.