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Article Date: February 2019
Word Count: 168

Globe Has Strong H1, but Warns of H2 Headwinds


Net income at the Australian surf and skate company improved by 25% to A$4,262,000 ($3.2 mm) from A$3,408,000 in the fiscal first half ended Dec. 31 on 11% higher revenues of A$77,893,000 ($58.2 mm), up from A$70,057,000 driven by double-digit gains in Australasia and North America. North American sales jumped 17% to A$23.6 million ($17.6 mm) with apparel as a key driver, but the operating loss expanded to A$470,000 from A$262,000. In Australasia, the top line expanded 12% to A$42.8 million, aided by strong ... Log in to view full article.

 


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