herald

Thursday 19 October 2017

Harvey's are upbeat

RETAIL

The directors of the Irish arm of retailer Harvey Norman remain upbeat over the group's future after reducing losses for the fourth year in a row.

New accounts just filed by Harvey Norman Holdings (Ireland) show that the group's underlying operating losses last year totalled €15.4m, representing a reduction of 12.2pc from the prior year.

The directors, headed by Katie Paige (right), state that when adjusted for foreign exchange revaluation variances, the loss for the year was €14m which was a 25pc improvement on fiscal 2013. Revenues at the retailer increased to €149.25m.

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