JB youve done it again

By simon | 11 December

Business news posted on August 11th reported Australian music store JB Hi-Fi having a 45% profit jump in 2009.

Now, lets just look at that statement in context. 45% profit jump in just nine months. And not just ANY nine months, but the nine most horrifying months in recent Australian and global economics. The nine months that have seen every other retailer issue profit warnings, make substantial losses, or in the case of major competitor, Strathfield, collapse into administration back in January 2009.