Harvey Norman Holdings offshore revenue over $2 billion

Company News

by Rachael Jones

Harvey Norman Holdings (ASX:HVN) has seen record offshore retail sales revenue of $2 billion, that's up 9.7 per cent on last year.

The company saw good sales uplifts in Malaysian, Singaporean, Slovenian and Irish stores.

Net profit after tax and non-controlling interests for the year ended 30 June 2019 was $402.32 million, up $26.94 million, from $375.38 million in the previous year, a 7.2 per cent increase.

Profit before tax was $574.56 million, an increase of 8.4 per cent from $530.17 million in the previous year.

The Board has declared the payment of a fully-franked 2019 final dividend of 21.0 cents per share, to be paid on 1 November 2019.

Shares in Harvey Norman Holdings (ASX:HVN) trading 0.86 per cent lower at $4.63.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.