Home goods retailer Harvey Norman has posted a "solid" lift in annual profit with chairman Gerry Harvey praising the group's ability to navigate the coronavirus pandemic.
Net profit for 2020/21 rose to $841 million, including outlet property valuations, and was up 75 per cent from the previous financial year.
Excluding valuations, the result was $743 million, up 63 per cent.
System sales, including group-owned and franchisee outlets, totalled almost $10 billion.
"The solid results delivered ... is a testament to the strength and resilience of (the group) ... and its ability to adapt and transition to the challenging retail landscape and continue to navigate the uncertainties presented by COVID-19," Mr Harvey said.
"Customers continue to engage strongly with our brands."
Mr Harvey said state and territory lockdowns in Australia had impacted the group's sales in the first two months of the 2021/22 financial year.
"However, we expected spending to recover quickly as we saw when lockdown restrictions were eased in our overseas markets due to pent up demand," he said.
Shareholders will be paid a final dividend of 15 cents per share, taking the total payout for the year to 35 cents which is up from 24 cents in the 2019/20 year.
