Harvey Norman NPAT up 7.3 per cent

Company News

by Katrina Bullock

Retail giant, Harvey Norman Holdings (ASX:HVN) has reported its net profit after tax (NPAT) rose about 7.3 per cent in their half year results to 31 December 2018.

NPAT was above Citi's expectation at $222.77 million. This is a $15.08 million jump from the $207.69 million NPAT they saw in the previous corresponding period.

In more good news for Harvey Normans, its revenue was up 1.6 per cent to $4 billion.

Its earnings before interest and tax (EBIT) increased 8 per cent to $330.61 million.

The company declared a dividend of 12 cents per share fully franked for the period.

Shares in Harvey Norman Holdings (ASX:HVN) are trading 0.70 per cent higher at $3.58.