Harvey Norman posts 15.2% increase in interim profit on improved performance
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The news: Harvey Norman reported a 15.2% increase in interim net profit after tax to $321.91 million year-on-year, citing improved performance across its franchising operations, oversees retail businesses and the property portfolio division.
The numbers: Total system sales revenue rose 6.9% to $5.16 billion, while earnings before interest and tax came in at $527.53, a 14.4% increase from a year ago.
The company declared a fully franked interim dividend of 14.5 cents, higher than the 12 cents declared from the prior corresponding period.
The context: The company said the earnings result was strong Australian franchisee sales, reflecting continued demand in technology-led categories and steady performance across core homemaker segments.
The source: ASX
