Australian retailer Harvey Norman climbs on HY profit beat

Harvey Norman Holdings

25/02/2022 24:26

** Shares of Harvey Norman Holdings Ltd  HVN.AX  jump as
much as 4% to A$5.19, set for best session since Jan. 19 if
gains hold
    ** Electronics retailer says profit before tax came in at
A$612.2 mln ($438.58 mln) for the half year ended Dec. 31, 2021,
down 4.9% but above Refinitiv estimate of A$465 mln  urn:newsml:reuters.com:*:nASX7kcdQG
    ** Says comparable and total sales in nearly all regions
increased in the period between Jan. 1 and Feb. 21 urn:newsml:reuters.com:*:nASX6fYWLs 
    ** HVN up 1% YTD, as of last close

($1 = 1.3959 Australian dollars)

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))