Business
Redbubble (ASX:RBL) share price sinks 13% despite strong H1 FY21 results
The Redbubble Ltd (ASX: RBL) share price is sinking today following the release of its half-year result for 2021.
In early morning trade, shares in the e-commerce company are down an astonishing 13% to $6.07.
Let’s take a look and see how Redbubble performed over the H1 FY21 period.
Financial highlights
The Redbubble share price is deep in negative territory despite announcing significant growth across its business’ key metrics.
A catalyst for the fall could be that customer orders were affected by COVID-19 constraints during December. The temporary issue was caused by shipping partners who were unable to provide assurances in delivering products on time to customers. Consequently, lower sales margins in December were…
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