Harvey Norman: Interim result 2013

The retailer's half-year results were as bad as expected and, while a January uptick in sales was cause for celebration, it may prove a false dawn.

Investors were expecting a rubbish interim result from Harvey Norman and they got it. What they weren’t expecting, though, was a glimmer of hope from a jump in January sales, and that was enough to send the shares up 9% on the day of the result.

Profit before tax fell 32.9% in Australia to $103.2m, on an 8.6% fall in sales, or 6.3% on a like-for-like (LFL) basis.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles