Foreign exchange rates depress Billabong

2011-08-24T00:00:00

Billabong International saw its total revenues from continuing operations rise by 13.5 percent to $1.69 billion Australian dollars (€1.22bn-$1.76bn) in the financial year ended June 30, but its net profit on ordinary activities fell by 18.4 percent to A$119 million (€85.9m-$123.7m). On a currency-neutral basis, sales would have risen by 23.8 ...

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