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BILLABONG: Sector 9 board brand sold

AUSTRALIAN surfwear specialist Billabong announced the sale, to Bravo Sports for some USD 12m, of its Sector 9 board activity. The deal is intended to strengthen the company’s performance in its core business. For its 2015/16 fiscal year, Billabong declared a profit of AUD 4.2m on sales of AUD 1.05bn that were up by 2.6 per cent against the preceding year. A year earlier, Billabong had declared a loss of AUD 234m.

 

Billabong

Billabong

The declared results mark the company’s return to profit for the first time since 2008 after the sale of assets in Australia, Europe and North America.

 

See also:

BILLABONG: exchange rates boost first half sales

BILLABONG: impressive turnaround achieved

BILLABONG: significance of brand reaffirmed

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