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Harvey Norman Holdings Limited (ASX:HVN) chief executive Gerry Harvey’s backing an interest rate cut this afternoon, after reporting global sales dropped 3.8 per cent for the first quarter, last night.
Harvey told the AFR that if a rate cut doesn’t come through, Christmas will be “ordinary”.
The retailer reported a 19.3 per cent fall in profit before tax and minority interests to $62.8 million in the first quarter.
Harvey blames the collapse of the TV and audiovisual market.
Harvey Norman reported a profit of $259.6 million for the six months to June.
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Last
$5.93 |
Change
0.050(0.85%) |
Mkt cap ! $7.407B | |||
| Open | High | Low | Value | Volume |
| $5.90 | $5.98 | $5.88 | $7.358M | 1.240M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6143 | $5.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.94 | 373 | 1 |
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| Last trade - 16.10pm 12/08/2025 (20 minute delay) ? |
| HVN (ASX) Chart |