JB Hi-Fi was taking a beating on the ASX after the consumer electronics retail posted a record half year result.
AT the close, the shares were down 8% to $25.86.
Revenue in the first half to December was up 41% to a record $3.69 billion. Statutory profit after tax was up 37.4% to $151.7 million.
However, for the full year the rise profit won’t be as large.
JB Hi-Fi expects group profit to be between $235 million and $240 million, an increase of 13.1% to 15.5%, for the 12 months.