Harvey Norman profit falls as lockdowns trim sales
Inside Retail
AUGUST 30, 2022
Electronics and furniture retailer Harvey Norman Holdings says prolonged government-mandated lockdowns and store closures impacted profits in the year to June 30. The company owns and operates Harvey Norman, Domayne and Joyce Mayne brands. Total system sales revenue for the year was $9.558 billion while company revenue reached $2.087 billion. EBITDA fell 1.4 per cent to $1.43 billion while tax-paid profit dropped 3.6 per cent to $811.53 million compared to $841.41 in the previous year.
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