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Article Date: August 2017
Word Count: 127

Globe Net Falls on Lower Sales

Net income was AUD 5,434,000 ($4.3 mm) for the FY ended Jun. 30 from AUD 6,279,000 while sales were off 7% to AUD 140,484,000 ($111.3 mm) compared to AUD 150,822,000. The decline in sales in H1 was mostly the result of restructuring activities in North America where margins improved and the cost base was lower. Sales here were down 15% to AUD 41,989,000 ... Log in to view full article.


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