First operating profit in five years
JB Hi-Fi's New Zealand stores have reported their first operating profit in five years, as local sales climbed 18%.
The Australian-based electronic goods retailer's 13 Kiwi stores have reported pre-tax earnings of $3.6 million in the year to June the 30th.
That compares to a loss of $1.6 million a year earlier.
The company said increased volumes and improved terms with suppliers were behind the increases.