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JB Hi-Fi to give sales update

 

jbhifiShareholders in retailer, JB Hi-Fi, will be seeking an update on its sales performance when they meet in Melbourne on Wednesday.

The company overcame weak retail conditions to achieve 10 per cent profit growth last financial year, but its sales in July were down due to falling demand for iPads and other tablet devices.

In August, JB Hi-Fi CEO, Richard Murray, said improving sales of TVs and gaming consoles were hoped to offset that trend.

Also holding its annual general meeting on Wednesday is private health insurer nib, which will soon be joined on the share market by its largest rival, Medibank Private.

Home lender, Mortgage Choice, and gambling firm, Tatts, are among other companies holding AGMs.

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