The Australian company, which now has 10 shops across Ireland, recorded sales of €56 million in the year to end June 2006,according to accounts just filed at the Companies Registration Office.
However, pre-tax losses for the year increased by €1.2 to €3.3m, reflecting the cost of opening six new outlets over the 12 months covered by the latest accounts. Harvey Norman, which sells everything from electrical goods to furniture, said it opened six new outlets in 2006 in Cork, Limerick, Mullingar, Tralee and at Rathfarnham and Blanchardstown in Dublin. Since the year end it opened two further shops in Naas and Drogheda.
Losses since the company opened its first store in Ireland have now reached nearly €10m. The company said: “The group has incurred losses in its first three year of trading. The directors are confident that performance will improve going forward and that the company will be profitable in future years.”
It said the positive growth in sales seen in 2006 has continued this year, partially the result of the increase in stores and but also at older outlets.
The addition of new stores led to nearly 50 new jobs being created as the number of people employed rose to 214. The company expects this to grow further.
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