Harvey Norman Holdings Ltd (AU:HVN) has released an update.
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Harvey Norman Holdings Ltd has reported a robust financial performance for FY24, with operating cash flows of $686.53m and a total system sales revenue of $8.86bn, marking a 5-year CAGR of 7.2%. Despite a downturn in reported PBT, which saw a 20.6% decrease from FY23, the company boasts a healthy cash conversion rate of 100.4% and solid net assets worth $4.54bn. Looking forward, the company is poised to capitalize on the expanding AI-PC market to fuel future sales growth.
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