Main takeaway: While profits were up, the market punished the shares over concerns about the global expansion as Lovisa approaches 1000 stores worldwide.
ASX-listed fashion jewellery chain Lovisa has posted improved interim profits as it continues to roll out its global store network, but the result did not meet expectations and the shares were punished.
The company today reported net profits of A$56.9 million ($63m) for the half year to December, a
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
Key points
Revenue: up 8.8% to A$405.9m
Net profit: up 6.5% to A$56.9m
Main takeaway: While profits were up, the market punished the shares over concerns about the global expansion as Lovisa approaches 1000 stores worldwide.
