AUSTRALIA: Globe Slashes Profit Outlook, Shares Slump
Shares in skate, surf and street wear maker Globe International Ltd plunged more than 40 per cent on Monday after it issued its second profit warning in just four months. The Melbourne-based group, whose brands include Mooks, Trans Element, Sista and M-One-11, slashed its first half profit outlook by more than 50 per cent to one cent per share before amortisation.
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