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Furniture and electricals chain Harvey Norman says its 14-store Irish arm can turn a first profit in a decade after an improvement in its own performance and market conditions.


The Australia headquartered retailer took 2013–14 sales at its Irish unit to €149.2m in the year to end June, a rise of 4 per cent.


Underlying like-for-like revenues were up 8 per cent, the retailer said, with profits narrowing 33 per cent to €7.4m.


Its parent company, which trades its shares on the public markets in Australia, said half year losses in the period since had halved, putting Ireland in line for its first profit since the retail giant launched there.



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