SYDNEY: Stealth Group Holdings Ltd (ASX: SGI) said on Monday it will acquire Hardware & Building Traders Pty Ltd (HBT), Australia’s largest privately owned hardware buying group, for A$22 million in cash, in a move that positions the company as a leading alternative to industry giants Wesfarmers and Metcash. The acquisition, funded through extended bank-debt…
MELBOURNE: JB Hi-Fi Ltd. reported a 10% rise in full-year sales to $10.55 billion, driven by strong consumer demand and strategic product launches across its Australian and New Zealand operations. Net profit after tax rose 5.4% to $462.4 million, while underlying earnings excluding one-off expenses climbed 8.5% to $476.1 million. The electronics and appliance retailer…
PERTH: Stealth Group Holdings Ltd. (ASX: SGI) has secured approximately A$6.0 million in pre-sales for mobile accessories ahead of Apple Inc.’s iPhone 17 launch, a 50% surge compared to the same period last year. The Australian multi-sector distribution company announced Monday that the pre-orders, backed by firm purchase commitments, will be recognized as revenue across…