Australia's Nick Scali hits record high on HY profit, dividend beat

Nick Scali

06/02/2025 23:45

** Shares of Nick Scali  NCK.AX  rise as much as 12.3% to an
all-time high of A$18.300
    ** Furniture retailer posts HY statutory NPAT of A$30
million ($18.84 million), 15% ahead of Visible Alpha consensus
estimate
    ** Declares interim dividend of 30 Australian cents per
share, beating consensus estimate of 24.2 Australian cents
    ** Co, however, says trading continues to be volatile for
its Australia and New Zealand division, with written sales
orders down 8.5% in January 
    ** Market is likely to look through softening top line ANZ
trends, given broader medium term macro outlook appears to be
improving - Citi
    ** As of last close, NCK up 8.5% YTD


($1 = 1.5921 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))