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Australian tech giant JB Hi-Fi unveils new initiatives for FY23

JB Hi-Fi CEO Terry Smart. (Source: Supplied)
Australian electronics giant JB Hi-Fi has emerged from another difficult financial year relatively unscathed, with total sales up 3.5 per cent to AU$9.2 billion, net profit up 7.7 per cent to AU$544.9 million, and a 10 per cent boost to its dividend per share, to AU$3.16. With customers more and more comfortable with purchasing bigger, bulkier items online, JB Hi-Fi’s online sales also jumped 52.8 per cent, to AU$1.6 billion, representing 17.6 per cent of total sales.  And while customers