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Management made a prudent decision to repay $20m of debt relating to the Plush acquisition, meaning Nick Scali is almost net cash positive. Source: The table on the left is internally generated and
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The furniture retailer has suffered an uncharacteristic slide in December half profit, but better than expected earnings triggered a 20pc share price spike. On Tuesday, Nick Scali became the first
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Nick Scali, which also owns the Plush furniture chain, has been a strong performer for some time, and in August it posted a record full-year net profit of $101.1m for fiscal 2023, up 26.1 per cent
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