JB Hi-Fi says its New Zealand sales are showing signs of improvement and it expects to open more stores here this year.
The Australian-based chain made a $A76 million net profit for the six months to December, up from $A56 million in the same period the previous year.
Same store sales in New Zealand were up almost 6%.
The company says its nine stores in New Zealand are showing signs of improved trading and closure of the four remaining Hill & Stewart stores will allow it to grow the business further.
It expects to open at least another three or four stores in 2010.