Harvey Norman takes $3 billion in H2 2007

By Chris Nicholls

SYDNEY: Harvey Norman has announced a 12.4 per cent sales increase year-on-year for the six-months to December 31 2007, bringing in $3.04 billion.

The total, taken by all stores in Australia, New Zealand, Slovenia and Ireland, was a “pretty good” result, according to Harvey Norman co-founder and chairman Gerry Harvey.

“When we exceed inflation for a like-for-like store, it’s a reasonable result. Anything above that is a good result,” he said.  

Like-for-like sales for the period increased by 6.9 per cent over last year.

Harvey said the biggest performer had been entertainment and technology, including flat panel televisions, game consoles and laptops.

Christmas sales had also been “very good”, said to Harvey.

For the December quarter, worldwide sales from franchised Harvey Norman stores, commercial divisions and other sales outlets came to $1.65 billion, up 13.1 per cent on last year.

Like for like sales in the same quarter went up by 7.9 per cent.

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