Friday, 11 February 2011

Libcombe. Nick Scali profit down

Nick Scali, furniture importer and retailer, at Lidcombe, posted a 5.7 per cent fall in net profit as trading conditions deteriorated during the last half. Same-store sales were down 2.7 per cent but margins were maintained despite aggressive discounting The peak selling month of January had been very strong, said MD, Anthony Scali.

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