Join our daily newsletter At The Bell to receive exclusive market insights
Harvey Norman Ltd (ASX:HVN) has reported a total systems revenue of $4.83 billion in the six months to December 2024, while its profit after tax (PAT) – excluding the effects of AASB 16 leases and net property revaluations – was $216.28 million, a rise of 1.1% since the first half of 2024.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The company’s aggregated headline franchisee sales revenue number was $3.34 billion, while the company-operated sales revenue was $1.49 billion.
Harvey Norman posted an interim dividend per share of 12 cents; up from 10 cents in the prior corresponding period.
Chairman Gerry Harvey said the first half of FY2025 had been a strong one, noting the profit reading in particular occurred during a time of greater pressure on retailers.
“Total assets have surpassed the $8 billion milestone for the first time, reaching $8.25B as at 31 December 2024,” he said. “Prudent and efficient working capital management across key segments has continued to deliver strong operating cash flows of $448.10 million at a cash conversion ratio of 118.8%.”
Harvey Norman has been trading at $5.09.
Join the discussion: See what HotCopper users are saying about Harvey Norman and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
-1200x645-380x200.jpg)
