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Company News Summary

Harvey Norman Holdings Announces Aggregated Sales and Unaudited Profit Before Tax

02 Nov 2016  |  10:13:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Aggregated Sales & Unaudited PBT 3 mths ended 30/9/16

Harvey Norman Holdings announced that the aggregated amount of sales from wholly-owned company-operated stores in NZ, Slovenia, Croatia, Ireland and Northern Ireland, majority-owned controlled company-operated stores in Singapore and Malaysia, and from independent Harvey Norman, Domayne and Joyce Mayne branded franchised complexes totalled $1.69bn for the 3 months ended 30 September 2016. Comparable Aggregated Sales for the 3 months ended 30 September 2016 when compared to the 3 months ended 30 September 2015, increased by 6.5%. Unaudited preliminary accounts for the period 1 July 2016 to 30 September 2016 indicate profit before tax and non-controlling interests, and excluding property revaluation adjustments, for the consolidated entity of $115.6m compared to $91.8m for the pcp, an increase of 25.9%.

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