Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn
About

Company News Summary

Nick Scali Announces Half Yearly Report and Accounts

06 Feb 2019  |  09:19:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Half Yearly Report and Accounts

Nick Scali announced half yearly report and accounts. It reported a record net profit after tax of $25.4m for the half year to 31 December 2018, an increase of 8.0% on 31 December 2017. Sales revenue increased 10.3% to $141.1m with the increase derived from a full year's contribution from the six stores opened during 2018 and a smaller contribution from four stores opened during half year 2019. Further the operating expenses as a percentage of sales increased by 90 bps to 36.1% due to the timing of new store openings and inflationary cost increases in stores with flat sales growth.

Please click here for full details

See more ASX300 News Announcements