TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from Globe International Limited ( (AU:GLB) ).
Globe International Limited reported a 12% decline in revenue to $95.3 million for the first half of FY25, attributed to a strategic shift towards a higher-margin brand portfolio, which included the elimination of $15 million in non-core revenue. Despite the revenue drop, the company achieved a 10% increase in EBIT margin to 7.5% and declared an 11% higher interim dividend, reflecting strong cash flow and a robust balance sheet. The company remains optimistic about future growth, driven by its core and emerging brands, and anticipates a return to revenue growth in the second half of FY25.
More about Globe International Limited
Globe International Limited is a global company specializing in the design, production, and distribution of boardsports, street fashion, outdoor, and workwear. The company focuses on building a portfolio of higher-margin brands and has a significant presence in international markets.
YTD Price Performance: 2.69%
Average Trading Volume: 1,281
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$140.9M
See more insights into GLB stock on TipRanks’ Stock Analysis page.