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1.Market Observations, 8.Was Sticky

1 Mar 2017 (AFR) – Harvey Norman net profit rises 39pc on property, franchises

[COMMENT: This news story might be indicative of the health of the underlying economy.]

(1 March 2017, AFR, p15, by Sue Mitchell)

‘Harvey Norman has attempted to silence its critics by delivering a record half-year profit buoyed by $76 million in property gains and strong demand for furniture, homewares and appliances as franchisees rode the peak of the housing cycle.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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