JB Hi-Fi Offers Special Dividend After $438.8 Million Net Profit, Announces Purchase of E&S Trading

JB Hi-Fi enters commercial construction market after acquiring kitchen and bathroom products manufacturer E Group&S Trading, the largest electronics and consumer goods retailer, is looking for growth opportunities as margins remain low in other industries.

The company will also reward shareholders with a special dividend of 80 cents a share after posting better-than-expected profit and reporting higher sales in the first month of the new fiscal year. However, underlying net profit for the 12 months to June 30 fell 16.4 percent to $438.8 million from a year earlier.