tiprankstipranks
Company Announcements

Harvey Norman Reports Strong Profit Growth Amid Expansion

Story Highlights
Harvey Norman Reports Strong Profit Growth Amid Expansion

Harvey Norman Holdings Ltd ( (AU:HVN) ) has provided an update.

Harvey Norman Holdings Ltd reported a significant increase in profit before tax (PBT) for the first half of 2025, reaching $400.29 million, a 41.2% rise from the previous year. The company’s total system sales revenue amounted to $4.83 billion, with franchisee sales showing notable growth across several months. The strategic expansion into England has incurred substantial establishment costs, but the company continues to see positive sales trends in its key product categories.

More about Harvey Norman Holdings Ltd

Harvey Norman Holdings Ltd is a prominent player in the retail industry, focusing on home appliances, television, audio, mobile, and computer technology. The company operates both domestically in Australia and internationally, with a strategic expansion into England.

YTD Price Performance: 9.31%

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $3.94B

See more data about HVN stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1