Harvey Norman disclosed a decline in profit before tax to $283.6 million for the first half of FY24.
Despite a $334.4 million drop in total system sales revenue to $4.64 billion, net assets grew to $4.51 billion, and operating cash flows increased to $497.3 million, reflecting a cash conversion rate of 135%.
Harvey Norman plans to open new stores in Malaysia and New Zealand while facing challenges in Croatia and Hungary.
The retail company declared an interim fully franked dividend of 10 cents per share.