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JB Hi-Fi posts record sales as trading conditions ‘normalise’

JB Hi-Fi CEO Terry Smart. (Source: Supplied)
Strong consumer demand has boosted “record sales” for electronics retailer JB Hi-Fi according to preliminary unaudited first-half results. In an ASX announcement, the business reported group-wide sales were up 8.6 per cent to $5.3 billion supported by elevated demand for electronics and home appliances and “well-executed” Black Friday and Boxing Day promotional periods. Tax-paid profit for the December half is recorded at $329.9 million, up 14.6 per cent with EBIT of $479.2 milli
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