Brief: Globe Int'l Says FY20 EBIT Will Likely Be Negatively Impacted By Number Of Global Factors

Globe International

24/10/2019 08:01

Oct 24 (Reuters) - Globe International Ltd  GLB.AX :
    * IN FY20, EXPECTS TO EARN REVENUES SIMILAR TO THOSE WHICH
WERE
EARNED IN FY19
    * DOES NOT EXPECT THAT THESE EXTERNAL HEADWINDS WILL
DIMINISH
DURING FY20, OR FOR FORESEEABLE FUTURE
    * FY20 EBIT WILL LIKELY BE NEGATIVELY IMPACTED BY NUMBER OF
GLOBAL
FACTORS WHICH ARE PUTTING DOWNWARD PRESSURE ON PROFITABILITY
    * ESTIMATE THAT EBIT IN 2020 FINANCIAL YEAR WILL BE SLIGHTLY
LOWER
THAN PREVIOUS YEAR
    * FY20 NPAT IS EXPECTED TO BE FURTHER DOWN DUE TO INCREASE
IN
INCOME TAX EXPENSE.

Source text for Eikon:  urn:newsml:reuters.com:*:nASX1z8CHC
Further company coverage:  GLB.AX 

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