Harvey Norman narrows Irish losses to €19.4m

The managing director of the Irish operation of Harvey Norman said yesterday he expects the business will narrow its losses further in 2013.

Blaine Callard was commenting on new accounts lodged with the Companies Office that show the Australian-owned business recorded an underlying loss of €19.4m in the 12 months to the end of June last — down from the €22m loss recorded in 2011.

Mr Callard said that for the nine-month period since the end of June last year, Harvey Norman in the Republic and Northern Ireland had the strongest like-for-like sales growth of any region globally for Harvey Norman.