Gale Pacific Limited Provides Earnings Guidance for the Six Months Ending December 31, 2020
November 03, 2020 at 06:03 pm EST
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Gale Pacific Limited provided earnings guidance for the six months ending December 31, 2020. For the period, the company expects profit before tax for the six months to 31 December 2020 to be in the range of AUD 7.0 – AUD 9.0 million (compared to a loss of AUD 3.6 million before tax in the prior corresponding period), a material improvement to prior guidance. The increase in profit guidance is attributable to strong, broad-based sales growth for the company's core products in the United States and Australia, across both retail and commercial sectors.
Gale Pacific Limited is engaged in manufacturing technical fabrics used for consumer and commercial applications. The Company's operating segments include Americas (AMR), Australia / New Zealand (ANZ), and Developing Markets (DEV). The Company offers retail and commercial products through its brands, such as Coolaroo, ZONE Interiors, GALE GUARD and GALE Pacific commercial. Its retail product lines, which are marketed under the Coolaroo brand include items, such as shade fabrics, shade sails, outdoor blinds, synthetic turf, screening, umbrellas, gazebos, outdoor blind range, exterior window furnishings, weedmat and mulchmat. Its Zone Interiors brand is used for marketing indoor blinds. Its GALE GURAD brand provides reusable face mask with antimicrobial treated fabric. Its GALE Pacific commercial brand provides knitted, coated, and advanced polymer fabrics for agricultural, architectural, industrial, horticultural and mining applications.
GALE PACIFIC LIMITED 
