Menu
Menu
Harvey Norman upgrades 1H profit forecast

Harvey Norman upgrades 1H profit forecast

Harvey Norman (ASX:HVN) has predicted a 40% profit increase in pre-tax profit for 1H10, due to strong upward trends in the company’s revenue and the overall economy.

The company’s franchised stores in Australia have increased their sales 7.7% year-on-year to $1.93 billion for the period from the start of the financial year until November 22.

HVN stock has climbed 5.2% since the upgraded forecast was given.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags Harvey Normanretaileconomic outlook

Show Comments

Market Place

Computerworld
ARN
Techworld
CMO