Harvey Norman FY profit falls

Retailer hopeful low interest rates will boost sale in lead up to Christmas.

Harvey Norman Holdings (HVN) says trading conditions in Australia improved in the second-half of fiscal 2012, and is hopeful historic low interest rates will drive sales in the lead-up to Christmas after posting a fall in full-year profit.

In the year to June 30, net profit was $142.2 million, a 17.5% decline on the $172.5 million recorded in the previous year.


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