Nick Scali Reports Decline in Annual Profits
Company Announcements

Nick Scali Reports Decline in Annual Profits

Nick Scali Limited (AU:NCK) has released an update.

Nick Scali Limited reported a decrease in revenue by 7.8% and a drop in profits by 20.3% for the fiscal year ending June 30, 2024, compared to the previous year. The company also declared a fully franked final dividend of 33 cents per share, while underlying financials adjusted for one-off acquisition costs also showed a decline. There has been no implementation of a dividend reinvestment plan, and the company expanded its geographical reach by acquiring Anglia Home Furnishings Ltd.

For further insights into AU:NCK stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App