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4 February 2021 nickscali LIMITED Results announcement - half - year ended 31 December 2020 ( HY21 , pre - AASB16 ) Summary Result A $ m HY211 Pre - AASB16 HY201 Pre - AASB16 % Change Sales revenue ( $ m ) 171.1 137.5 + 24.4 % Underlying net profit after tax ( NPAT ) ¹ ( $ m ) 40.5 20.3 + 99.5 % Earnings before interest , tax , depreciation and amortisation 60.2 31.0 + 94.2 % ( EBITDA ) ¹ ( $ m ) Earnings before interest and tax ( EBIT ) 1 ( $ m ) 57.7 28.8 + 100.3 % Gross margin 64.0 % 62.2 % + 180bps Expenses , excluding depreciation and finance costs 29.2 % 40.2 % - 1,100bps ( % to sales ) 1 EBITDA margin ( % to sales ) 35.2 % 22.5 % + 1,270bps EBIT margin ( % to sales ) 1 33.6 % 20.9 % + 1,270bps Underlying basic earnings per share ( EPS ) 1 ( cents ) 50.0 25.1 + 99.5 % Interim dividend per share ( cents ) 40.0 25.0 Operating cash flow before interest and tax ( $ m ) 53.5 16.6 + 222.3 % 1 The underlying results shown above exclude the impact of accounting for leases under AASB16 and the one - off gain on the sale of properties in HY20 Overview Furniture retailer Nick Scali Limited ( " the Company " ) ( ASX : NCK ) today reported its results for the half - year ended 31 December 2020 , with underlying EBITDA of $ 60.2m and net profit after tax of $ 40.5m¹ , in line with recent guidance on 5 January 2021. After an exceptional six months of trading , this represents profit growth of approximately 100 % on an underlying basis . Written sales orders for the period were $ 191.1m , representing growth of 52 % on the prior corresponding period . On a same - store basis , sales orders increased 58 % on the prior comparable period . Sales revenue for the half increased by 24 % to $ 171.1m , less than the rate of sales order growth primarily due to supply chain and shipping delays affecting the Company's ability to deliver within the half . The closing order bank at 31 December reached an all time high . Gross profit margin for HY21 was 64.0 % , compared to 62.2 % in the prior comparative period . The Company was able to improve margins through reduced SKU discounting . Commenting on the results , the Managing Director , Mr Anthony Scali , said " The first half of financial year 2021 had many challenges to navigate including government mandated store closures , supply chain issues and significant delays experienced with global shipping providers . Despite these events , the team was able to capitalise on shifting consumer spending patterns and deliver a record result for the Company " . Nick Scali Limited ABN 82 000 403 896 Triniti 2 , 39 Delhi Rd , North Ryde NSW 2113 Tel : 61 2 9748 4000 Fax : 61 2 9748 4022