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Harvey Norman announced a record H1 result after property valuations and strong furniture and appliance sales lifted the company’s net profit by 39% to $257.3 million.

Underlying pre-tax profit rose 20.6% to 290.49 million, which is the highest first-half result in the retailer’s 30-year history.

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The company declared an interim dividend of 14 cents (fully franked), which is up 1 cent on the same time last year.

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