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Nick Scali profits double to $84.2m Save Share Pre-tax profit $121.2m, up 101.5pc Net profit $84.2m, up 11.2pc Final dividend 25¢, v 22.5¢, payable October 25 Furniture retailer Nick Scali said it was well placed to deal with an uncertain retail outlook after doubling net profit to $84.2 million in the year ended June, beating the guidance issued only three months ago. The result exceeded market consensus forecasts of around $80 million and was at least $4 million higher than the retailer’s May guidance of between $78 million and $80 million. It was underpinned by a 42.1 per cent ...

S&P/ASX 200 dips as Victoria’s lockdown gets extended OPEC and its allies reached a deal on Sunday to phase out 5.8 million barrels per day of oil production cuts by September 2022 as oil prices hit their highest levels in more than two years. Zoom announced on Sunday that its buying Five9, a provider of cloud contact centre software, in an all-stock deal valuing Five9 at US$14.7 billion. S&P/ASX 200 (INDEXASX:XJO) was trading 0.82% lower at 7288 points by about 12.50 pm as Victoria’s lockdown was extended as the state grapples with the Delta variant of COVID-19. Premier Danie...