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GLB - Globe International News Story

A$1.38 0.0  2.6%

Last Trade - 1:04am

Consumer Cyclicals
Micro Cap
Market Cap £30.3m
Enterprise Value £29.8m
Revenue £86.6m
Position in Universe 876th / 1835

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

Thu 9th April, 2020 2:14am
** 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*: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
    ** 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)
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