Ireland, once described by Harvey Norman as a real problem for the Australian retailer, has seen a strong improvement among its Irish stores in the last 12 months.
Sales were up 10.4% for the year to the end of June. Harvey Norman also recorded a trading profit here for the first time.
Trading profit for the financial year in Ireland was €540,000, compared with a loss of €5.28m in the previous year.
The consumer electronics, white goods and furniture chain says it has seen improved performance across all categories at its 13 Irish shops.
However, the brand saw losses in Northern Ireland, including £430,000 costs from the closure of the Newtownabbey store and opening of the new flagship store at Boucher Road in South Belfast.
Retail trading losses of its stores on the island of Ireland halved in the year to June to €4.47m, while there was a €30m rise in sales revenue for Harvey Norman here.
The company said this was down to the “successful turnaround” of its operation here.
Harvey Norman reports results from its 12 shops in the south separately from its lone outlet in the North.
The 12 stores in the Republic produced operating profit of just over €500,000, compared with a €5m loss in 2015.
Harvey Norman is also back in expansion mode and plans to open at least one new Irish store in the next year.
