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A Look At The Fair Value Of Globe International Limited (ASX:GLB)

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Globe CEO on Salty Crew, Globe Hardgoods, and the Company s Record Year

Globe CEO on Salty Crew, Globe Hardgoods, and the Company s Record Year
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Globe (ASX:GLB) share price rockets 34% as sales soar

Globe (ASX:GLB) share price rockets 34% as sales soar Daniel Ewing | January 18, 2021 5:42pm | More on: The Globe International Limited(ASX: GLB) share price powered up today as the company released a trading update. Shares in the skate-shop were up 34.3% at a price of $4.50 at close of trade. The news comes after a superb 6 months for the company, which has seen a number of announcements send its share price soaring 267%. Market update This afternoon, shares in the consumer discretionary company were rocketing off the back of a positive performance update for the first half of FY21. Globe advised that preliminary sales for the half year were around $125 million, up approximately 60% compared to the prior corresponding half. Earnings before interest and tax (EBIT) is estimated to exceed $20 million. This compares to the $4.2 million achieved in the prior half, marking an increase of 376%.

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