Menu
JB Hi-Fi's NZ revenues top $113 million

JB Hi-Fi's NZ revenues top $113 million

Australian technology retailer JB Hi-Fi has reaped A$93.5 million (NZ$113 million) from its New Zealand launch out of total customer revenue of A$1.8 billion for the year ended 30 June 2008.

The retailer says in its preliminary annual report that overall margins suffered due to the investment in rolling out stores in New Zealand, but also notes over 10% same-store growth in the Kiwi market.

Before interest and tax the New Zealand business lost A$4.7 million, while the group overall made a net profit of A$65.1 million. At year end the group had 12 New Zealand and 93 Australian stores.

In the 2007 financial year, JB Hi-Fi made A$21.9 million customer revenue in New Zealand.


Follow Us

Join the newsletter!

Error: Please check your email address.

Featured

Slideshows

Reseller News ICT Industry Awards 2017 - Meet the winners...

Reseller News ICT Industry Awards 2017 - Meet the winners...

Reseller News honoured the industry’s finest on a standout evening for the New Zealand channel, recognising the achievements of established and emerging partners on a memorable night in Auckland.

Reseller News ICT Industry Awards 2017 - Meet the winners...
Show Comments