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JB Hi-Fi profit wrong-foots short sellers

Sunday, August 12, 2012

WN.com - Business News
Latest headlines from WN Network
JB Hi-Fi profit wrong-foots short sellers
Aug 13th 2012, 02:23

Electronics retailer JB Hi-Fi posted a net profit drop of 5 per cent of $104.6 million for the financial year just ended, slightly more than analysts' forecasts. JB Hi-Fi shares jumped as much as 62 cents, or 6.7 per cent, to $9.56. Sales for the year rose 7 per cent to $3.13 billion as it opened more shops. Analysts had tipped the annual profit would come in at $103.4 million after the...
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