Harvey Norman is the largest white goods and furniture retailer in the country. It plans to open its first store in England in October.
The company’s balance sheet is anchored by a strong freehold property portfolio with its valuation sitting at $4.137 billion as at December 31.
The company flagged a 10¢ interim dividend which will be paid on May 1.
Harvey Norman’s billionaire executive chairman Gerry Harvey says he is feeling more confident about the economy than he did six months ago, looking to the stage three tax cuts and gadget launches for optimism.
The country’s largest whitegoods and furniture group is well-placed for a rebound in the home building cycle, and will be supported by more immigration and improving consumer confidence with tax relief arriving in July.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
