SYDNEY, AAP – Two retail groups which own the Supercheap Auto and JB-Hi-Fi stores have reported bumper first-half earnings during the pandemic.
Super Retail Group, which owns BCF, Macpac, Rebel and Supercheap Auto, on Monday said net profit after tax was expected to rise by up to 201 per cent to $173 million, based on preliminary figures.
The company will give first-half earnings for the six months to December 26 on February 17.
JB Hi-Fi, which includes the whitegoods chain The Good Guys, said preliminary figures indicated an 86.2 per cent rise in net profit after tax to $317.7 million.
JB Hi-Fi will give first-half earnings for the six months to December 31 on February 15.
Shares in Super Retail Group were higher by 0.94 per cent to $11.86 at 1154 AEDT.
Shares in JB Hi-Fi were up 3.49 per cent to $52.54.