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AAP
AAP
Derek Rose

Rising property values help boost Harvey Norman profit

Harvey Norman
Harvey Norman's full-year profit after tax rose 47 per cent to $518 million for the year to June 30. (Michael Gorton/AAP PHOTOS)

Harvey Norman Holdings has reported a strong financial year with its total assets topping $8 billion for the first time.

The electronics and homewares retailer and property owner reported on Friday that thanks mostly to the impact of property revaluations, its full-year profit after tax rose 47 per cent to $518 million for the year to June 30.

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