Australia's Adore Beauty eyes best day in nearly 3 months on return to profit

Adore Beauty

30/08/2021 04:51

** Shares of Adore Beauty Group Ltd  ABY.AX  rise as much as
6.7% to A$5.13, their biggest intraday pct gain since June 7
    ** Online beauty retailer posts profit for the year
attributable at A$845,000, compared with a loss of A$1.2 mln
($876,720); revenue jumps 48% to A$179.3 mln  urn:newsml:reuters.com:*:nASX7GJBF1
    ** Expects to maintain a 2%-4% EBITDA margin in the short to
medium term
    ** "With ongoing uncertainty, we do not consider it
appropriate to provide guidance at this time" - ABY
    ** Stock touches its highest levels since Aug. 13
    ** About 138,000 shares change hands, compared with the
30-day average volume of 40,000 shares
    ** Stock down 10.6% this year, as of last close

($1 = 1.3687 Australian dollars)

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))