Business
ASX 200 falls 0.9%, Nick Scali reports, Vulcan jumps on Thursday 4 February 2021
The S&P/ASX 200 Index (ASX: XJO) fell 0.9% today to 6,766 points.
Here are some of the highlights from today:
The furniture business just reported its FY21 half-year result. The Nick Scali share price went down 2% in response.
The company said that its sales revenue went up 24.4% to $171.1 million. The gross profit margin increased by 180 basis points to 64%.
Nick Scali’s underlying earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 94.2% to $60.2 million and underlying earnings before interest and tax (EBIT) went up by 100.3% to $57.7 million. The underlying EBIT margin increased by 1,270 basis points to 33.6%.
The retailer reported that its operating cash flow before interest and tax rose by 222.3%…
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