Nick Scali profits double to $84.2m
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Pre-tax profit $121.2m, up 101.5pc
Net profit $84.2m, up 11.2pc
Final dividend 25¢, v 22.5¢, payable October 25
Furniture retailer Nick Scali said it was well placed to deal with an uncertain retail outlook after doubling net profit to $84.2 million in the year ended June, beating the guidance issued only three months ago.
The result exceeded market consensus forecasts of around $80 million and was at least $4 million higher than the retailerâs May guidance of between $78 million and $80 million.
It was underpinned by a 42.1 per cent increase in revenue to $373.04 million, higher gross margins and well-controlled costs, and was achieved even after Nick Scali repaid $2.5 million in net JobKeeper subsidies received in the December half.
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Her long hair was styled in curls and she appeared to be wearing a neutral palette of makeup for the luxury shoot.
Bec also stunned in a white turtleneck, long grey skirt and off-white coat as she stretched out on a bean bag.
Winter glam: The wife of AFL great Chris Judd also stunned in a white turtleneck, long grey skirt and off-white coat as she stretched out on a bean bag
Bec Judd s Mother s Day wish list
Marimekko coffee cups for mum – RRP: $80.00 (set of four)
Coco Republic candle and marble tray – RRP: $575 ( tray), RRP: $65.00 (Marseille Cashmere Musk and Ginger Lily candle)
Furniture trends: Voluptuous curves and cocooning big for winter stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.