Australia's Shaver Shop Group hits near 3-year high on Q1 profit jump

Shaver Shop

14/10/2020 02:29

** Shares of Shaver Shop Group  SSG.AX  rise as much as
13.4% to A$1.055, their highest since Oct 27, 2016
    ** The personal grooming products maker posts total sales of
A$49.1 mln ($35.17 mln) for the first quarter, compared with
A$41.1 mln a year earlier   urn:newsml:reuters.com:*:nASX4Fhr6m
    ** Co says unaudited net profit after tax jumped 185% in Q1
to A$4.9 mln, driven by strong sales growth 
    ** Stock marks biggest intraday percentage gain since June
18
    ** About 1.1 mln shares change hand compared with a 30-day
average of 344,956 shares 
    ** Stock up 43% this year, as of last close


($1 = 1.3963 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))