Profit rise for JB Hi-Fi
Market watch top headlines
February 11 2013, 08:55AM
Mr Smart said sales of televisions remained a drag on electronics retail.
"Whilst we continue to see total sales growth, the visual (TV) category, in particular, negatively impacted comparative store growth," he said in a statement.
"The industry has seen TV sales decline over the past few years as the category moves towards a more typical replacement driven sales market.
"The JB brand, however, continued to attract customers with our market share growing solidly."
JB Hi-Fi opened 11 new stores in the six months to December, and expects to open another four in the second half of this financial year.
It had 176 stores in Australia and New Zealand as of December 31, and plans to have 214 stores in several years time.
Online sales in the six months to December grew by 40 per cent from the previous corresponding period, but at $37.2 million represent just two per cent of its total sales of $1.8 billion.
The company declared a fully-franked interim dividend of 50 cents per share, up from 49 cents at the same time in the previous year.