News:
HARVEY Norman, Australia’s biggest electronics retailing franchiser, expects half-year net profit from continuing operations to grow by between 25 per cent and 35 per cent on the $132.9 million result in the first half of last financial year.
Speaking at the company’s annual meeting yesterday, executive chairman Gerry Harvey said the retailer was well placed for the holiday season in a very competitive industry and confirmed the company’s first half guidance.“We are the biggest player and our buying power is good,” he said.
“Our relationships with our suppliers are excellent and the Australian dollar is strong, and all those things play in our favour.
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