Connect with us

Business

Why the Dusk (ASX:DSK) share price is in focus

Published

on

The Dusk Group Ltd (ASX: DSK) share price is in focus this morning after the company reported a surge in quarterly earnings.

Why is the Dusk share price on watch?

Dusk this morning provided a trading update for the third quarter ended 31 March 2021 (Q3 2021). The Aussie retailer reported “trading remained strong” with high rates of like-for-like sales growth.

Sales surged to $27.7 million for the quarter, up from $18.4 million in Q3 2020. On a year-to-date (YTD) basis, sales grew 54.2% to $118.7 million compared to 2020 figures.

Underlying earnings before interest and tax (EBIT) numbers also soared during the quarter. It will be interesting to see how the Dusk share price responds as underlying EBIT surged to $4.9 million, up…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

2 ASX shares rated as strong buys by brokers on Saturday 8 May 2021
Article feature image
Aussie rapper The Kid Laroi in Elon Musk tweet referencing cryptocurrency dogecoin – NEWS.com.au