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Nick Scali Limited ( (AU:NCK) ) has shared an announcement.
Nick Scali Limited reported its financial results for the half-year ending December 31, 2024, showing a mixed performance. The company’s total group revenue rose by 10.8% to $251.1 million, but group net profit after tax fell by 22.8% to $33.2 million. The ANZ segment saw a decline in revenue and profit, partly impacted by a freight forwarder’s business failure, while the newly acquired UK segment reported a net loss. This expansion has led to significant restructuring and integration costs, as well as investments in UK showrooms, contributing to the overall financial picture.
More about Nick Scali Limited
Nick Scali Limited is a furniture retailer known for its wide range of household furniture and accessories. The company operates primarily in Australia and New Zealand, and it recently expanded into the UK market.
YTD Price Performance: 6.66%
Average Trading Volume: 222,795
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.37B
See more insights into NCK stock on TipRanks’ Stock Analysis page.
