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Source: Reuters

Australia's Harvey Norman same-store sales dip

Published: 27 Oct 2010 19:05:28 PST

SYDNEY, Oct 28 - Australian electricals retailer Harvey Norman Holdings Ltd <HVN.AX> reported a 0.6 percent dip in September quarter like-for-like sales on Thursday, largely blaming the decline on a strong local currency.

Harvey Norman, which also has stores in Ireland, Slovenia and New Zealand, said quarterly profit was down 30.8 percent from a year earlier, partly due to start-up losses from new stores.

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