Australia's Globe International withdraws FY outlook, shares hit over 1-week low

Globe International

09/04/2020 02:14

** Shares of Globe International Ltd  GLB.AX  fall as much
as 4.6% to A$1.05, their lowest since March 31
    ** The apparel and footwear maker withdraws FY outlook and
also holds plans on payment of a final dividend  urn:newsml:reuters.com:*:nASX98dzxq
    ** Co says its operations have been significantly affected
since mid-March as key retail stores remain shut
    ** Also expects limited sales activity until retail stores
re-open as majority of revenue comes from bricks & mortar retail
channels
    ** Stock posts its biggest intraday percentage drop since
March 31
    ** GLB shares down 33.3% this year, as of last close

 (Reporting by R.R.Deepti Sri in Bengaluru)
 ((deepti.sri@thomsonreuters.com))