Nick Scali Limited (ASX: NCK) has reported a trading update wherein it has acknowledged that unfavorable trading conditions have continued into the first quarter of current financial year.
Trading Update Highlights
- Monthly store traffic has been down 10-15%, impacting like-for-like sales.
- NCK expects better second half, attributing to improving housing sales.
- Half-year NPAT for six months ending 31 December 2019, is expected between $17 million to $19 million.
By 12:37 PM AEST, NCK was trading at $5.990, down by 16.806% relative to the last close.
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