The collapse of Dick Smith has shown up as a lot of black ink on JB Hi-Fi's balance sheet.
Announcing its full-year result on Monday, Australian electronics retailer JB Hi-Fi said the closure of Dick Smith contributed to an increase in sales of computers, visual, audio and accessories.
The sales boost, combined with a tax-time splurge, contributed to a strong finish to the year, with the electronics retailer reporting an 11.5 per cent lift in its full-year profit to A$152.2 million.
Total sales were up 8.3 per cent to A$3.65 billion for the year ended June 30, with comparable sales up 5.4 per cent.
The headline result masked a 5.4 per cent drop in music, movies and games sales, which was offset by a 10.8 per cent rise in income from hardware and services.