Billabong cuts profit forecast on Japan

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

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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

HGH Ltd Results for the 6 months ended 1 February 2026
March 27th Morning Report
CDC investor presentation and guidance update
PFI - Potential Bond Offer by PFI
MCY - Mercury Green Bond offer - interest rate set
March 25th Morning Report
AFT - Chief Financial Officer update
KMD Brands: Response to Stokehouse transaction concept
March 24th Morning Report
MCY - Mercury launches retail Green Bond offer