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Harvey Norman's strong profit growth missed expectations, causing its shares to drop despite a dividend increase.
Harvey Norman reported a 16.5% rise in pre-tax profit to $466.31 million for the half-year ending December 31, 2025, with underlying profit up 20.1% to $372.8 million and system sales revenue increasing 6.9% to $5.2 billion.
Despite strong financial results and a dividend hike, the company’s shares fell, as analysts including Citi noted the report missed market expectations on key metrics.
Executive chairman Gerry Harvey expressed confusion over the stock decline, stating the market reaction did not align with the company’s solid performance.
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El fuerte crecimiento de ganancias de Harvey Norman no cumplió con las expectativas, causando que sus acciones cayeran a pesar de un aumento de dividendos.