Billabong counts its losses

2012-08-30T00:00:00

While providing some more details about its new “transformation strategy,” Billabong International reported a big net loss of 275.6 million Australian dollars (€227.6m-285.9m) for the financial year ended June 30, compared with a net profit of A$119.1 million the year before, on 7.9 percent lower global revenues of A$1.55 billion ...

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