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Globe International Ltd Results For Half-Year Ended December 31, 2022

The Group reported a decline in sales and profitability as the downturn in the hardgoods market and general macro-economic conditions continued to have an impact on performance, but cash flows from operations were significantly higher than the prior corresponding half-year. The key business metrics for the half-year were as follows: Reported net sales for the half-year of $120.5 million were 16% lower than the prior comparative period (pcp). Earnings before interest and tax (EBIT) were $0.9…

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