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Reuters
Reuters
Business

Australia's Harvey Norman annual profit slips over 16 percent

(Reuters) - Australian electronics retailer Harvey Norman Holdings Ltd <HVN.AX> said on Friday annual net profit slid over 16 percent due partly to impairment losses.

Net profit for the 12 months ended June 30 was A$375.4 million ($272.5 million), compared with A$449 million the previous year.

The company declared a dividend of A$0.18 per share, up from the A$0.12 paid out last year.

($1 = 1.3778 Australian dollars)

(Reporting by Devika Syamnath in Bengaluru; Editing by Stephen Coates)

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