Billabong International
Consumer brands company, Billabong (ASX: BBG) have released their full year financial results for FY 2012 to the ASX stockmarket.
- Billabong reports a massive headline loss: $275.6 million loss. The company reported a net profit of $119.1 million the previous year.
- Profit on an adjusted basis (neglecting writedowns and other one-off costs), the company net profit was $33.5 million for the yea. (On this metric, profit is down 75 percent)
Billabong International (BBG) shares have dived deeper today after it announced a 26 per cent decline in its half year earnings and closed its stock price at $2.03 yesterday.
Shares of surfwear retailer Billabong International (BBG) plunged after announcing its half year earnings to fall between $70 million to $75 million from the $96.4 million in the prior corresponding period. The shares fell by 34.4 per cent to $2.39 at 1033 AEDT.
The strong Aussie dollar and a weak order book means Billabong (ASX:BBG) will have its company's earnings remain flat for the current financial year.
Study the historical dividends for BILLABONG INTERNATIONAL LIMITED. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive BBG dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the BBG dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.
Billabong International (BBG) the company that concentrates in the skate, snow and surf apparel and accessories manufacturing and distributing has come into the spotlight once again after CV Bali Balance (CVBB) dragged the surfwear retailer in a Bali court for around $168 million worth of damages which allegedly was caused from Billabong following the cancellation of a distribution license during the year 2005 by the Gold Coast company.
Renowned Australia based skate, snow and surf apparel and accessories manufacturer and distributor Billabong International (BBG) has claimed that the financial tide is turning in United States with the company performing marginally better than the expectation. Billabong is expecting to see a weaker fast half followed by a strong second half. The company repeated its annual net profit growth forecast based on constant currency terms.
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