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REFILE-Australia's Harvey Norman profit surges 29 pct on overseas sales growth
August 31, 2017 / 1:06 AM / 20 days ago

REFILE-Australia's Harvey Norman profit surges 29 pct on overseas sales growth

(Corrects typographical error in headline)

Aug 31 (Reuters) - Australia’s biggest electronics retailer Harvey Norman Holdings Ltd said annual net profit jumped 29 percent as it benefited from sales growth at its overseas businesses and higher valuations for property at home.

Net profit for the year ended June 30 was A$449 million ($354.89 million) from A$348.6 million a year ago, beating analyst forecasts of about A$414 million, according to Thomson Reuters I/B/E/S. ($1 = 1.2652 Australian dollars) (Reporting by Anusha Ravindranath in Bengaluru; Editing by Byron Kaye and Edwina Gibbs)

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