25-Feb-2021: COMPANY ANNOUNCEMENT - HALF YEAR RESULTS 31 DEC 2020 and APPENDIX 4D - HALF YEAR ACCOUNTS 31 DEC 2020
https://globecorporate.com/
https://globecorporate.com/investors/
- Net Sales of $124.8m, up +60%
- EBIT of $21m (16.8% of net sales) was 400% higher than the $4.2m reported in the prior period (5.4% of net sales).
- NPAT of $15.3m for the half year was $11.4m or ~300% higher than the pcp.
- Cash generated from operations during the period was $17.8 million.
- Fully franked interim dividend of 12 cps declared - which is 140% higher than the 2020 interim dividend which was 5 cps unfranked.
They've done a number on the .pdf which makes it impossible to copy and paste sections of it into here, so if anyone is interested in further details of this very nice GLB result, please click on the LINKS above (why DO people use CAPITAL LETTERS like that - are they just really ANGRY? Or just want to be noticed??)
[I hold GLB shares. I found the market's reaction to this set of numbers a little puzzling... There was a lot of expectation leading in to this report (and a huge SP run-up), after a couple of significant guidance upgrades from management in recent months, however the SP of GLB closed unchanged at $6.22 (same as yesterday) after trading today in a range between $6.15 and $6.39. Perhaps GLB management have done the near impossible and set expectations pretty much bang on where they should have been, so nothing came as a surprise today... If so, well played!]
