Australia's Globe International hits near 19-year high on strong annual results

Globe International

18/08/2021 06:59

** Shares of apparel and footwear maker  GLB.AX  soars as
much as 8.9% to A$6.75 - highest since October 2002
    ** GLB posts its biggest intraday pct gain since June 10
    ** Posts https://bit.ly/3xTBapr five-fold jump in FY21
profit to A$33.3 mln ($24.19 mln), declares final dividend of 20
Australian cents per share
    ** Says results driven by higher sales at GLB's four main
brands; sales in North America jumped 141% from last year
    ** Does not provide FY22 outlook saying do not see
"extraordinary growth" in sales and profitability seen in FY21
    ** Says "global effects of the evolving COVID-19 pandemic
are having an impact on our business"    
    ** About 63,444 shares change hands, vs 30-day avg of 3,666
shares
    ** Up 96.8% this year, as of last close


($1 = 1.3767 Australian dollars)

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))