Globe International logo

GLB - Globe International News Story

A$1.34 0.0  2.3%

Last Trade - 6:12am

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £29.6m
Enterprise Value £29.1m
Revenue £86.8m
Position in Universe 878th / 1835

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

Thu 24th October, 2019 8:01am
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 

 ((Reuters.Briefs@thomsonreuters.com;))
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.