Harvey Norman offers buy-back olive branch

Original article by Sue Mitchell
The Australian Financial Review – Page: 17 & 28 : 1-Sep-17

Listed furniture and homewares retailer Harvey Norman has posted a 2016-17 after-tax net profit of $A448.9m, which is 29 per cent higher than previously. The group’s underlying net profit was up 15.7 per cent to $A390.8m, while its franchised stores in Australia recorded 5.4 per cent growth in sales, to $A5.6bn. The company’s final dividend has been reduced, although chairman Gerry Harvey has flagged the possibility of a share buyback. Harvey Norman shares closed 7.5 per cent lower at $A4.08 on 31 August.

CORPORATES
HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, DEUTSCHE BANK AG, OWNERSHIP MATTERS PTY LTD, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AMAZON.COM INCORPORATED

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