Half Year 2021 Nick Scali Ltd Earnings Call Transcript
Thank you for standing by, and welcome to the Nick Scali Limited Half Year H1 '21 Results Announcement. (Operator Instructions) I'd now like to hand the conference over to Mr. Anthony Scali, Managing Director. Please go ahead.
Good morning. We are now going to present to you the half year '21 results on Page -- starting with Page 1 on the document as lodged on the ASX. The first half highlights, written sales orders and revenue at record levels with 58% growth in like-for-like sales orders and 24% sales revenue growth.
Sales orders were totaling $191.1 million, with sales revenue at $171 million. The gross profit margin improved by 180 basis points due to reduced discounting. Operating leverage saw sales growth lift net profit after tax by 100%. Increase in profitability led to improved cash flows due to the negative working capital model. 34 -- $32.4 million to be paid to shareholders through a $0.40 interim dividend. Two new stores successfully opened during the half, bringing the
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