Harvey Norman Irish arm to ‘return to profit’ in 2016

The chief executive of the Irish arm of retailer Harvey Norman said the firm anticipates a return to profit in 2016 after years of losses.

New accounts filed for the year to the end of June last show Harvey Norman Trading (Ireland) Ltd reduced its losses to €6.2m as revenues increased by 8% to €161.3m.

Chief executive Blaine Callard said he expected the business to turn a profit next year after it “broke several sales records over the Christmas period”.