NCK looking for a breakout through $7.50 on the back of this profit upgrade slipped out at 3.52pm yesterday.
Profit Guidance
Furniture retailer Nick Scali Limited (ASX:NCK) today advises that
based on the continuation of positive trading conditions to the end of
April following on from the financial year 2017 half year results
announcement on 14th February 2017, current expectation is for net
profit after tax for the full year to June 2017 to
be in the range of $36m-$37m which is an increase of around 40% over the previous corresponding period.
Pleasingly, same store sales for the four months to April 2017 havecontinued at double digit growth and recent and pro
posed new store openings should assist results into the 2017/2018 financial year.
NCK Price at posting:
$7.08 Sentiment: Buy Disclosure: Held
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