Billabong’s profit dives 4.5% as high AU$ hits bottom line

By David Olsen · 20 August 2010 · Cashflow

Billabong's Profit Plunges Amid Aussie Dollar Surge

The Australian surfwear brand's bottom line has taken a hit, but international sales are chronically up. Can Billabong ride out the storm and regain its footing?

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Summary

Australian surfwear brand Billabong has suffered terribly as a result of the appreciation of the Australian dollar, with international sales up, but profit down 4.5 percent.