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Globe International Ltd Release FY23 Financial Results, Ended June 2023

Globe International Ltd reported an improvement in performance in the second half of the year. Compared to the first half of the financial year, profitability was higher despite sales being lower, as the clearance of excess hardgoods inventories began to wind down and other positive business changes began to take effect. The key business metrics for the year were as follows: Reported annual net sales of $234.3 million declined by 15% compared to the prior year. Excluding all hardgoods sales,…