Billabong makes some progress

Billabong International posted a net loss of 126.3 million Australian dollars (€82.9m-$113.9m) for the six months ended last Dec. 31, down from a loss of A$536.6 million in the same period a year earlier, on a 4.6 percent drop in net revenues to A$667 million (€437.6m-$601.5m).

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