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Harvey Norman Holdings Announces Half Year Unaudited Net Property Revaluation Increment

25 Jan 2017  |  09:33:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 2017 Half Year Unaudited Net Property Revaluation Increment

Harvey Norman Holdings announced that the unaudited preliminary draft net property revaluation increment before tax for the investment properties in Australia for the 6 months ended 31 December 2016, was in excess of $70m (HY2016: $20.63m). This will be recognised in the consolidated income statement. The unaudited preliminary draft net property revaluation increment before tax for the company owned properties in NZ for the 6 months ended 31 December 2016, was in excess of NZ$9m (HY2016: NZ$3.74m). This will be recognised through an equity reserve in the consolidated balance sheet.

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