Billabong annual net loss widens to 77.1 mn dollars

Total sales at Billabong International for the 12 months to June 30, 2017 of 974.7 million Australian dollars (778 million dollars) were down 4.7 percent cc, excluding Tigerlily and Sector 9. The company said after a predominately non-cash impairment charge of 106.5 million Australian dollars (84.9 million dollars), the net loss after tax was 77.1 million Australian dollars (61 million dollars) for the year under review.