Billabong Profit Falls
Published on February 19, 2010 by
Billabong Profit Falls – BILLABONG International has posted a 15 per cent fall in first half net profit and reaffirmed its full year guidance.
Net profit for the six months ended December 31, 2009 was $69.7 million, compared to $82.4 million in the previous corresponding half.
The result was down 7.6 per cent in constant currency terms and down 15.4 per cent in reported terms following a significant strengthening of the dollar against the US dollar and the Euro.
Reported group sales were $721 million and 2.8 per cent lower in constant currency terms or down 10.8 per cent in reported terms compared to the prior corresponding period.
Tags: Billabong, Currency Terms, December 31, Group Sales, Guidance, Net Profit, Six Months
Posted in Money
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