Australia's Dusk Group hits record high on upbeat Q3 results, outlook

Dusk

16/04/2021 06:02

** Shares of Dusk Group Ltd  DSK.AX  gain as much as 10.6%
to a record high of A$3.34
    ** Co posts Q3 FY21 underlying EBIT of about A$4.9 mln
($3.79 mln), a turnaround from a loss of 0.9 mln in Q3 FY20 due
to 40% growth in Q3 like-for-like sales  urn:newsml:reuters.com:*:nASN0012V4
    ** The fragrance products retailer says Q3 sales jumped
about 50% to A$27.7 mln
    ** DSK expects FY21 sales to be between A$147 mln to A$151
mln compared to A$100 mln posted on FY20
    ** Dusk Group sees underlying EBIT to be about A$38 mln to
A$40 mln in FY21 versus A$11.9 mln in FY20
    ** Stock posts its biggest intraday percentage gain since
Dec 29, 2020
    ** About 521,000 shares change hands compared to the 30-day
average volume of about 264,000 shares
    ** DSK set to post third consecutive session of gain; up
49.5% this year, as of last close
($1 = 1.2933 Australian dollars)

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))