Australia's Globe International hits 1-year low on downbeat FY results

Globe International

21/08/2025 06:46

** Shares of Globe International GLB.AX fall as much as 3.6% to A$2.650, hitting their lowest level since mid-August, 2024

** Apparel maker reports FY net profit after tax of  A$9.8 million ($6.29 million) vs A$11.5 mln reported last year

** Co posts 7.2% y/y fall in FY revenue from contracts with customers to A$206.3 mln

** Declares final dividend of 10 Australian cents per share, payable on September 19

** About 60,000 shares traded, 15.9x the 30-day average

** YTD, stock down 20.2%, including current session's move

($1 = 1.5574 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))