Bil­l­abong flags fall

Townsville Bulletin - - Investor -

BIL­L­ABONG In­ter­na­tional Ltd has fore­cast a fall in net profit of up to 6 per cent as the earth­quake and tsunami in Ja­pan hits the sur­fwear maker’s op­er­a­tions. The com­pany said net profit for 2010/ 11 was likely to be 2 to 6 per cent lower than a year ear­lier. A 6 per cent de­cline would be equiv­a­lent to about $ 137 mil­lion, com­pared with the $ 145.99 mil­lion profit recorded in 2009/ 10 for Bil­l­abong. Bil­l­abong, which has 44 com­pany-owned stores in Ja­pan, said its ware­house had not suf­fered any di­rect phys­i­cal dam­age from the earth­quake and tsunami.

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