UK's Gear4music gains on HY sales growth
20/10/2022 11:39
** Shares of musical instruments retailer Gear4music G4M.L
rise as much as 8.4% to 116p - on track to log best day of
intraday gains in nearly two months
** Co sees total sales growth of 2%, European segment sales
growth of 10% in HY
** Says current FY outlook in line with consensus market
expectations
** Co says net debt reduced by 2.4 million pounds ($2.69
million)in HY to 21.8 mln pounds at the end of September
** Adds that it's heading into peak trading period with
strong levels of inventory
** Upto last close, stock had tanked ~85% so far this year
($1 = 0.8932 pounds)
(Reporting by Prerna Bedi in Bengaluru)
((Prerna.Bedi@thomsonreuters.com;))