Australia's Globe International hits over 16-year high on upbeat prelim H1 sales, forecast

Globe International

18/01/2021 04:49

** Shares of Globe International  GLB.AX  rise as much as
24% to A$4.0, their highest since Nov. 17, 2004 
    ** The apparel and footwear maker confirms that preliminary
sales number for the first half of 2021 is around A$125 mln
($96.06 mln), up 60% from a year earlier  urn:newsml:reuters.com:*:nASX30pJVJ
    ** Co expects earnings before interest and tax for H1 of
2021 to exceed A$20 mln 
    ** Stock sees best day since Feb. 4, 2013 
    ** About 43,188 shares change hands compared with a 30-day
average of 10,928 shares 
    ** Stock up ~6.4% this year, as of last close 


($1 = 1.3012 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))