Australian retailer Adore Beauty (ASX: ABY) has reported a sharp rise in profitability and margin growth in the first half of FY25 as its refreshed operational strategy focused on disciplined cost management and the expansion of its retail network begins to take shape.
💄 Operating earnings (EBIT) of $2.8 million in H1 FY25 up by 126% from same time last year
🧴 Delivers cash flow positive half-year and record gross margin of 36.2%
💅 Launches physical store roll out with opening of first shop in Victoria as it targets national retail network of 25 shops
“Our half-year results demonstrate the strength of the Adore Beauty brand and the early momentum of our strategy refresh focusing in the near-term on enhancing quality of earnings and optimising our operating model. I am delighted with the demonstrated gains in gross margin which delivered material improvement and the subsequent 126% growth in EBIT in the half.” – Sacha Laing, Adore Beauty Chief Executive Officer
ASX announcement ⚡
https://t.co/TS070bNUNQ @adorebeauty $ABY
Directo, an online B2B marketplace for the pharmacy sector, has successfully completed a $2 million capital raise from sophisticated investors to support its next phase of growth
https://t.co/egGyxtEi16
Shares of Australian plus-sized fashion retailer City Chic Collective $CCX soar as much as 41.5% to A$0.145, marking their biggest intraday pct jump since mid-May 2018.
Our unaudited FY24 results show a strong performance where we achieved record revenue and profit as we position ourselves to capitalise on our large harvest.
ASX Top 20 Small Cap Movers of the week
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ECS Botanics reported unaudited revenue of A$20 million in FY24, up 29% on the previous year, despite a 6% decline in fourth quarter sales.
https://t.co/gF41Gcpbzm
Shares of RPM Automotive $RPM rise as much as 12.2% to A$0.092, on track for their best day since Jan. 2, if gains hold. Wholesale tire distributor and retailer enters agreement with Yokohama Tyre Australia.
@ausbiztv reports on our H1 FY24 results, attributing the strong performance to increased #revenue from large contract wins and #organic quality and EU GMP standards.
#MedicinalCannabis#ASX
https://t.co/LorsguTdci
ECS Botanics $ECS rise as much as 13.6% to A$0.025, set for best day since Feb. 1, if gains hold. Medicinal cannabis co says it swung to a half-year profit of A$1.2 million, from a loss of A$1.4 million a year ago. Reports 70% increase in HY revenue from ordinary activities.