Troubled surfwear retailer Billabong Limited (BBG) has reported a bigger than expected full year net loss after tax of $859.5M due to a large number of...

Troubled surfwear retailer Billabong Limited (BBG) has reported a bigger than expected full year net loss after tax of $859.5M due to a large number of writedowns. Revenue fell 13.5% to $1.34B and was down 12.6% in constant currency terms. It has been a difficult 12 months for the company which has been the subject of a number of takeover offers and is now focusing on repaying debt and rebuilding the company. BBG will not pay a final dividend and its shares fell heavily during Tuesday's trade. For more info visit: (VIEW LINK)