Sharechat Logo

Billabong cuts profit forecast on Japan

Wednesday 16th March 2011

Text too small?

Billabong International says full year net profit is likely to fall by as much as 6% as the earthquake and tsunami in Japan hits the surfwear maker's operations.

Billabong said net profit for 2010/11 was likely to be 2% to 6% lower than a year earlier, revising an earlier forecast made in February that full year profit was likely to be flat.

A 6% decline would be equivalent to about $137 million, compared with the $145.99 (NZ$198) million profit recorded in 2009/10 for Billabong.

 

NZPA



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Infratil releases Climate Related Disclosures
The Warehouse Group Appoints Chief Digital & Transformation
The Financial Collapse Has Already Begun - Will You Be Caught Off Guard?
NWF - IMPLEMENTATION OF SCHEME OF ARRANGEMENT
EROAD Publishes FY25 Group Climate Statement
Synlait provides performance update
Air New Zealand Chief Executive Officer Appointment
July 30th Morning Report
IKE 1Q FY26 Performance Update
July 29th Morning Report