ASX-listed mass merchant, Harvey Norman, has announced that the company continues to experience solid growth, reporting a 9.3 per cent increase in sales for the 2002/03 fiscal year.
Sales at Harvey Norman stores totalled $3.17 billion for the year ended 30 June 2003, up 14.4 per cent on the $2.77 billion the company reported for the prior financial year.
Harvey Norman has experienced several years of substantial growth – with revenue growing by 10 – 15 per cent year on year.
Again, the company opened a slew of new outlets during the year – 15 of which were in Australia and New Zealand.
“Sales since the end of the financial year have continued to be strong,” the company reported.