Harvey Norman reports 'notable turnaround' in New Zealand

Harvey Norman's shares rose 12% on the ASX after its result. (Image: NZME)

Fri, 29 Aug 2025

Harvey Norman says it has observed a "notable turnaround" in New Zealand and reported positive second-half sales momentum.The Australian Securities Exchange-listed (ASX) multinational reported earnings for the year to June 30 on Friday.Sales in NZ rose 1.6% to $1.05 billion, and net profit after tax (npat) fell 3.2% to $71.2m. The retailer said the decline in profit was "primarily due" to first-half performance, with sales rising 5.5% in the latter six months of the year relative to the prior comparable period.In its an...

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