Australia's Nick Scali falls on first-half profit drop

Nick Scali

03/02/2022 24:18

** Shares of furniture retailer Nick Scali  NCK.AX  fall as
much as 4.2% to A$13.800, marking their worst intraday session
since Jan 24 
    ** Says its half-yearly net profit after tax fell 6.6% to
A$35.6 mln ($25.35 mln), hurt by supply chain disruptions caused
by the outbreak of the Omicron variant  urn:newsml:reuters.com:*:nASX6Pg5Fs
    ** Co's interim dividend of 35 Australian cents per share
(cps) was down from 40 Australian cps it declared a year ago 
    ** Says revenue for the first half increased 5.4% to A$180.3
mln 
    ** Says trading during Jan in co's stores was down 6% as a
result of decline in store traffic 
    ** Stock down ~6.2% this year, as of last close 

    ($1 = 1.4043 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))