Harvey Norman announced that total sales for the nine months ended 31 March 2010 rose 2.2 per cent to $4.64 billion. However, the company has also recorded flat total sales, with like-for-like sales rising only 1.2 per cent in Australia.
\nAccording to the 3rd quarter sales document submitted to the Australian Securities Exchange, sales from the franchised “Harvey Norman” complexes, commercial divisions and other sales outlets in Australia, New Zealand, Slovenia and Ireland (excluding Singapore) totalled $4.64 billion for the nine months ended 31 March 2010. <\/p>\n
When compared to sales for the period 1 July 2008 to 31 March 2009, the increase was 2.2 per cent. Like for like sales when compared to the same period ended 31 March 2009, increased by 1.4 per cent.
The company said that its sales data has been affected by the weakened global currencies. <\/p>\n
“It should be noted that the above sales data has been negatively affected by a 2.9 per cent deterioration in the NZ$, a 13.6 per cent deterioration in the Euro and a 21.6 per cent deterioration in the UK Pound,” said the company.<\/p>\n
Shares in Harvey Norman were down 4.76 per cent this morning and is now at $3.40. <\/p>\n","protected":false},"excerpt":{"rendered":"
Harvey Norman announced that total sales for the nine months ended 31 March 2010 rose 2.2 per cent to $4.64 billion. However, the company has also recorded flat total sales, with like-for-like sales rising only 1.2 per cent in Australia.<\/p>\n","protected":false},"author":58,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[28,179],"tags":[],"class_list":["post-84747","post","type-post","status-publish","format-gallery","hentry","category-archive","category-retail","post_format-post-format-gallery"],"yoast_head":"\n