Nick Scali in profit surge

Townsville Bulletin - - NEWS -

FURNITURE re­tailer Nick Scali has lifted full- year profit 42.4 per cent to a record $ 37.2 mil­lion, on the back of strong sales and an ex­pand­ing net­work. Rev­enue for the 12 months to June 30, was up 14.7 per cent at $ 232.9 mil­lion, helped by the open­ing of four stores dur­ing the fi­nan­cial year bring­ing the com­pany’s na­tional to­tal to 51.

The furniture re­tailer and im­porter has de­clared a fully franked fi­nal div­i­dend of 20c per share bring­ing the to­tal div­i­dends for the year to 34c per share, com­pared to 23c the pre­vi­ous year.

Look­ing ahead, the com­pany flagged un­cer­tain­ties across the in­flu­en­tial hous­ing mar­ket, in con­sumer con­fi­dence and po­ten­tial in­ter­est rate rises as likely head­winds to sales growth.

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