Harvey Norman Set To Lose Up To $50M In Ireland

X

Harvey Norman, who hours after arch rival JB Hi Fi reported record profits, announced to the ASX that more than $41 million was missing from their original financial forecasts, has now reported that their Irish operation is still making losses.

Harvey Norman, who hours after arch rival JB Hi Fi reported record profits, announced to the ASX that more than $41 million was missing from their original financial forecasts, has now reported that their Irish operation is still making losses.

In their amended ASX filing Harvey Norman has forecast an estimated loss from its Irish business of between $35 and A$50 million.

“It’s going to be somewhere between A$35 million and A$50 million,” chairman Gerry Harvey said in a telephone interview with the Irish Times. “Ireland is very, very difficult.” He said.

Harvey Norman is facing their second straight year of losses from their 14 store Irish operation.

Meanwhile journalist Patrick Avenell of Current has been seriously embarrassed after he approached Harvey Norman to comment on what he perceived was money missing from the Company, as opposed to profits missing from a financial report made to the ASX.

 

LB 728x90px Harvey Norman Set To Lose Up To $50M In Ireland
Uniden PRO 728 x 90 Harvey Norman Set To Lose Up To $50M In Ireland
SPORT TW Banner Conversion EN 728x90 1x Harvey Norman Set To Lose Up To $50M In Ireland
%name Harvey Norman Set To Lose Up To $50M In Ireland
ARL0546 Arlo Go 2 Banner 728x90px 72dpi V2 Camping Harvey Norman Set To Lose Up To $50M In Ireland
gtv r3 728x90 px Harvey Norman Set To Lose Up To $50M In Ireland
Leaderboard 728x90 Harvey Norman Set To Lose Up To $50M In Ireland
728x90 Tour Harvey Norman Set To Lose Up To $50M In Ireland
Litheaudio 0222 728x90 1 Harvey Norman Set To Lose Up To $50M In Ireland
728x90 Harvey Norman Set To Lose Up To $50M In Ireland


YOU MAY ALSO LIKE