The chairman of Harvey Norman in Australia says the company's profit margin is not seeing much benefit from improved electrical goods sales linked to the strengthening Australian dollar.
The retailer's domestic and international franchises, commercial divisions and other outlets recorded total sales of $A1.5 billion in the three months to the end of September, the ABC reports.
Sales were 4.3% higher than the same period last year but fell short of market expectations.
The company's chairman, Gerry Harvey, says while unit sales may be up, takings are down as prices decrease rapidly.
