Globe International, like the other Australian businesses with a bulk of sales in the U.S. saw currency exchange rates eat into what would have been strong results for the fiscal first half. The company saw H1 net sales grow 2.8% to $63.6 million, but would have posted in excess of 10.0% growth on a currency-neutral basis.
Regionally, in terms of net sales revenues, North America increased by 4.0% (17.8% in local currency), Europe by 2.5% (6.4% in local currency) and Australasia by 1.6%.
The company saw net profit after tax for the first half improve to a profit of $0.3 million for the first half, compared to a loss of $4.5 million last year.
