Australia's Shaver Shop eyes best day in over 6 months on upbeat annual results

Shaver Shop

31/08/2021 04:04

** Shares of Shaver Shop Group Ltd  SSG.AX  gain as much as
6.4% to A$1.085, marking their best day since Feb 18
    ** The grooming products retailer reports a 68.3% rise in
its annual profit after tax to A$17.5 mln ($12.76 mln)
    ** Stock hits highest since June 15
    ** Co says its annual sales up 9.6% at A$213.7 mln
    ** Co attributes increase in sales to its customers
switching shopping channels when required by COVID-19
restrictions, and its online sales rising 41.1%
    ** Shaver Shop also announced a final dividend of 5 cents
per share
    ** Stock down 3.8% YTD, as of last close 
    



($1 = 1.3717 Australian dollars)

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))