JB Hi-Fi Ltd's stock price plummeted 5.26% during intraday trading on Monday, following the release of the company's first-half financial results.
The sharp decline came after JB Hi-Fi reported its H1 figures, which included net income of AUD 305.8 million, sales of approximately AUD 6.1 billion, and an interim dividend of 210 Australian cents per share. The company also reported a 4.0% total sales growth for its JB Hi-Fi Australia segment in January and announced a board decision to increase its dividend payout ratio starting from fiscal year 2026. The market's negative reaction suggests these results may have fallen short of investor expectations.
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