Business
The Globe (ASX:GLB) share price rose 8%, smashed 52-week high today. Here’s why.
The Globe International Limited (ASX: GLB) share price shot up to a 52-week high today after the company provided the first update since its annual general meeting (AGM) in October.
In morning trade, shares in the sports and outdoor clothing company surged up 8% to a $2.65 high. The Globe share price has since retreated to $2.60, up 6.12%, at the time of writing.
What did the company announce?
Globe advised the market that its performance for the first-half of the 2021 financial year would be “significantly ahead” of the prior corresponding period, in both sales and profits.
At its AGM on 22 October, Globe reported that it expected total group sales and profits to be ahead of last financial year based on the extremely strong…
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