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Nick Scali boosts profit forecast, shares rise on strong Aussie and NZ performance.
Australian furniture retailer Nick Scali raised its profit forecast for the December half-year, citing strong performance in Australia and New Zealand, and now expects revenue growth of 10% to 12% and statutory net profit of $37 million to $39 million.
Its shares rose 8%.
Meanwhile, the ASX showed signs of a potential "Santa rally" as investor optimism grew ahead of the year-end.
DroneShield implemented a mandatory shareholding policy for executives after insider stock sales sparked backlash, boosting its share price 8.6%.
Seven West Media approved a takeover by Southern Cross Media, leading to its delisting.
Other updates included progress in mining, defense tech, and biotech sectors.
Nick Scali aumenta el pronóstico de ganancias, las acciones suben por el fuerte desempeño australiano y neozelandés.