Home / Knowledge / News / Apparel/Garments / Billabong sales lift 19.6% in currency terms in Europe
Billabong sales lift 19.6% in currency terms in Europe
22
Feb '08
Billabong International Limited announced a net profit after tax (NPAT) of $88.7 million for the six months to 31 December 2007. Billabong International Limited chief executive officer Derek O'Neill said underlying NPAT growth was 13.1% in constant currency terms, after excluding $6.3 million in one-off tax benefits in the prior year period.

With the prior year's one-off tax benefits included, NPAT was up 4.7% in constant currency terms, or down 2.0% in reported Australian dollars, reflecting the significant appreciation in the Australian dollar, in particular against the US dollar.

Group sales for the period rose 15.8% in constant currency terms (up 8.4% in reported Australian dollars) to $662.0 million, with all key regions showing double-digit revenue growth in constant currency terms.

Sales in Europe lifted 19.6% in constant currency terms, or 15.5% in reported Australian dollars, to $143.4 million. In the Americas, sales lifted 13.2% in constant currency terms, or 0.4% in reported Australian dollars, to $287.5 million.

The Australasian region had sales growth of 16.8% in constant currency terms, or 15.3% in reported Australian dollars, to $231.0 million. The higher growth reflects the first-time inclusion of sales from South Africa, a region that was converted from a licensed to wholly-owned operation at the start of the half year period.

Group EBITDA of $147.3 million was up 12.5% in constant currency terms, or 6.2% in reported Australian dollars. Overall earnings per share were up 4.9% in constant currency terms, or down 2.0% in reported Australian dollars.


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search