Harvey Norman (ASX:HVN) report profits up 20%

Company News

by Rachael Jones

Harvey Norman (ASX:HVN) says its profit before tax and non-controlling interests from 1 July 2019 to 31 May 2020 was an increase of approximately 20 per cent on the year prior.

The company noted this excluded their Australian Accounting Standards Board Leases net impact and net property revaluation adjustments.

Harvey Norman will release its full year results on August 28.

Shares in Harvey Norman (ASX:HVN) are trading 3.5 per cent higher at $3.57.

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.