Australia's Nick Scali eyes worst day in 11 months on bleak forecast

Nick Scali

21/10/2024 01:23

** Shares of Nick Scali  NCK.AX  fall as much as 8.7% to
A$13.80, their biggest intraday fall since late Nov 2023
    ** Stock hits lowest level since July 16
    ** Furniture retailer sees sales revenue for Australia and
New Zealand between A$217 mln ($145.54 mln) and A$222 mln for
H125 
    ** Co sees NPAT for Australia and New Zealand between A$30
mln to A$33 mln in H1
    ** Co posted revenue of A$226.6 mln and NPAT of A$43.0 mln
in HY24
    ** Stock up 22.7% YTD as of last close 
   


($1 = 1.4910 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))