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Article Date: February 2018
Word Count: 128

Globe Net Expands on Higher Margins in H1

Net income jumped 37% to A$3,408,000 ($2.6 mm) from A$2,495,000 in the fiscal first half ended Dec. 31 on 1% lower revenues at A$70,223,000 ($54.0 mm) from A$70,708,000 as the global equipment market stabilized after a steep decline in early 2016. Stronger margins boosted profitability benefitting from a combination of brand mix, customer mix, sourcing improvements and foreign exchange impacts. The Australian skate and ... Log in to view full article.


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