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AAP
AAP
Derek Rose

JB Hi-Fi beats expectations despite H1 profit fall

While JB Hi-Fi posted a fall in interim profit, the decline wasn't as big as analysts had expected. (Paul Miller/AAP PHOTOS)

JB Hi-Fi's sales and profit fell in the first half but not by as much as analysts had expected, which prompted its shares to rise in early trading.

The electronics and home appliances retailer, which also owns the Good Guys chain, announced on Monday total group sales were down 2.2 per cent to $5.16 billion in the six months to December 31, compared to the previous corresponding period.

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