Harvey Norman ‘still upbeat’ despite losses

The directors of retailer Harvey Norman remain upbeat over the group’s future here in spite of incurring underlying operating losses of €17.5m last year.

The losses represent a decline of 27% on the underlying loss of €24m for 2012.

The group sustained the loss in the 12 months to the end of June 30th last year as revenues dipped by 2.2% from €147.4m to €144.2m.