Nick Scali Limited ( (AU:NCK) ) just unveiled an update.
Nick Scali Limited, a notable player in the furniture industry, reported its financial results for the first half of FY25, highlighting both achievements and challenges across its operations. The company achieved a revenue of $222.5 million with a gross profit margin of 64.4% in the ANZ region, surpassing its profit guidance with an underlying profit after tax of $36 million. However, its UK operations faced difficulties, recording a revenue of $28.6 million but an underlying loss after tax of $2.8 million, exacerbated by the accounting impact of AASB16 on property leases. Despite these challenges, the company maintains a robust cash position of $87.6 million and declared an interim dividend of 30 cents per share.
More about Nick Scali Limited
YTD Price Performance: 6.66%
Average Trading Volume: 222,795
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.37B
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