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Australia's Billabong posts loss

Published by Punch on Fri, 29 Aug 2014


Australian surfwear firm Billbabong has reported another annual loss but says its turnaround plan 'is gaining traction'. Its net loss for the year to 30 June was 233.7m Australian dollars ($218.2m; 131.5m), an improvement from its loss of A$859.5m the previous year. The company warned the changes underway 'would take time to flow through to...[Read More...]
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