Company News Summary | 06 Feb 2019

Click the print icon in your browser to print this report. Currency is in AUD unless otherwise specified

Nick Scali Announces Half Yearly Report and Accounts

09:19:00 | Associate analysts

Original annuncemenet: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.

This report appeared on 2020 Morningstar Australasia Pty Limited

© Copyright 2020 Morningstar Australasia Pty Ltd ABN: 95 090 665 544 ("Morningstar"), AFSL no 240892. (a subsidiary of Morningstar, Inc.). This information is to be used for personal, non-commercial purposes only. No reproduction is permitted without the prior written content of Morningstar. Some of the material provided is published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO").

DISCLAIMER: To the extent that any of the content above constitutes advice, it is general advice that has been prepared without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain appropriate financial, legal and taxation advice before making any financial investment decision. If applicable, investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Please refer to our Financial Services Guide (FSG) for more information at FSG or phone Morningstar on 1800 03 44 55 to request a copy. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for any use or distribution of any of this information

DISCLOSURE: Employees may have an interest in the securities discussed in this report.