BRIEF-Harvey Norman Posts FY Reported Net Profit After Tax Of $402.32 Mln
Aug 30 (Reuters) - Harvey Norman Holdings Ltd:
* FY COMPANY-OPERATED SALES REVENUE $2.23 BILLION, UP 12.1%
* FY REPORTED NET PROFIT AFTER TAX AND NON-CONTROLLING INTERESTS OF $402.32M, UP BY 7.2%
* DIRECTORS RECOMMEND A FULLY FRANKED FINAL DIVIDEND OF 21.0 CENTS PER SHARE
* FY FRANCHISEE AGGREGATED SALES REVENUE $5.66 BILLION, DOWN 1.8% ON PREVIOUS YEAR ON A HEADLINE BASIS
* EXPECT TO OPEN UP TO 21 NEW STORES OVERSEAS WITHIN NEXT 2 YEARS, WITH 17 OF THOSE NEW STORES IN SINGAPORE AND MALAYSIA
* IN AUSTRALIA, 1 HARVEY NORMAN COMPLEX IN VICTORIA WILL OPEN IN 2020 FINANCIAL YEAR.
* FRANCHISEE SALES FOR JULY AND AUGUST 2019 ARE SHOWING SIGNS OF IMPROVEMENT.
* BY END OF 2021 FINANCIAL YEAR, WE ANTICIPATE HAVING 111 HARVEY NORMAN COMPANY-OPERATED STORES ACROSS 7 OFFSHORE COUNTRIES
* "WE INTEND TO GROW OUR INTERNATIONAL RETAIL FOOTPRINT AND ARE ON TRACK WITH OUR EXPANSION OPPORTUNITIES, PARTICULARLY IN MALAYSIA" Source text for Eikon: Further company coverage:
