BUZZ-Australia's Adore Beauty Group rises on positive H1 results

Reuters

2025/01/29

** Shares of Adore Beauty Group ABY.AX rise 2.2% to A$0.920, their highest level since Jan. 21

** Beauty-focussed e-commerce website reports a H1 FY2025 EBITDA of A$4.6 mln ($2.87 mln), up 94% compared to last year

** Strong performance in H1 FY25 was driven by the implementation of key initiatives in its 3-year strategy that focus on near-term material profit growth - co

** 164,295 shares change hands, 9 times the 30-day average of 18,204

** Stock fell 33.6% in 2024

($1 = 1.6038 Australian dollars)

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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