Billabong triples FY loss

Embattled surfwear retailer declines to offer earnings guidance for year ahead, pays no dividend

Billabong International (BBG) declined to provide any earnings guidance for the year ahead after widening its full-year loss in fiscal 2013, but the embattled surfwear retailer does expect the securing of its short and long term financing commitments and new chief executive to herald a new era of rebuilding.

In the year to June 30, Billabong posted a net loss of $859.5 million, a 211.8% widening on the $275.6 million loss recorded in fiscal 2012. 

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