Australia's Globe International hits 1-year high on HY profit

Globe International

22/02/2024 03:18

** Shares of Globe International  GLB.AX  rise as much as
6.7% to A$3.200, their highest level since Feb. 23, 2023
    ** Stock set for best day since Sept. 1, 2023, if current
gains hold
    ** Apparel and accessories co reports half-yearly net profit
after tax attributable of A$4.9 mln ($3.21 mln), compared to a
net loss attributable of A$193,000 in previous corresponding
period
    ** Co declares interim dividend of 9.0 Australian cents per
share
    ** More than 49,800 shares change hands, 64.8 times the
30-day average volume of 769 shares
    ** Stock down 3.5% this year, as of last close

($1 = 1.5263 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))