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Nick Scali Reports Decline in Annual Profits

Nick Scali Reports Decline in Annual Profits

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

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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.

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