Globe is no more immune to economic conditions than any other company. But what I’ve always liked about them is they seem to be in touch with reality and have a positive attitude about it. They haven’t always been right (me neither) but they’re not slow to realize when something should change and in making it happen. Their results for the year ended June 30, 2017 demonstrate that.
As usual, we don’t get very much useful information in their statutory report, and nothing by brand, but I’ll give you what I’ve got.