JB Hi-Fi has defied a difficult trading environment to lift sales and profit, and expects the trend to continue for the next 12 months.
The Australian electronics retailer made a net profit of A$116.4 million ($133.2 million) in the 2012/13 financial year, up more than 11 per cent on the previous year.
Chief executive Terry Smart said the profit growth was the result of stronger sales and improved margins.
JB Hi-Fi recorded sales growth of 5.8 per cent for the year, and sales were up more than 10 per cent in the second six months.
Sales are expected to grow by between 6 and 8 per cent in the 2013/14 financial year, Smart said.