Australia's Adore Beauty jumps after positive FY24 results

Adore Beauty

19/07/2024 01:59

** Shares of Adore Beauty  ABY.AX  rise as much as 8.7% to
A$0.94, hitting their highest since late June 
    ** The online beauty retailer reports FY24 unaudited revenue
of A$195.7 mln ($131.14 mln), up 7.4% on the prior corresponding
period 
    ** Co reports FY operating profit margin between 2.2% and
2.5% 
    ** Stock has fallen ~38.2% this year, as of last close


    ($1 = 1.4923 Australian dollars)

 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))