Globe International logo

GLB - Globe International News Story

A$1.38 0.0  2.6%

Last Trade - 1:04am

Sector
Consumer Cyclicals
Size
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  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))
© 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.