Need more proof investors are thinking about this time next year? Look at JB Hi-Fi.
The electronics retailer recorded 20 per cent less profit in the December half than it did one year earlier, while its sales couldn’t even keep up with inflation and actually dropped 2.2 per cent. It even cut its half-year dividend 20 per cent to $1.58 a share.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
