Australia's Globe International hits over 2-year high on upbeat forecast

Globe International

07/12/2020 03:15

** Shares of Globe International Ltd  GLB.AX  rise as much
as 8.2% at A$2.65, their highest in more than two years
    ** The apparel and footwear maker expects H1 2021 sales and
profit performance to be significantly ahead of last year based
on its strong Q1 results  urn:newsml:reuters.com:*:nASN000LQI
    ** Co also expects FY sales and profit to be better than
last year
    ** Stock posts its biggest intraday percentage in more than
two months
    ** More than 54,000 shares have changed hands, compared with
the 30-day average of 13,418 shares 
    ** GLB shares up 48.48% so far this year, as of last close 
    


 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))