From just a quick look Billabong still have work to do. Asia...

From just a quick look Billabong still have work to do.

• Asia Pacific is underpinning earnings, but earnings aren’t growing, in fact appear to be declining slightly.
• America’s have worsened since the AGM update which talked about a $2.5m hit to Earnings for the first 4 months and have slipped into a loss.
• Europe is a nice surprise
• The USD / AUD has hit the America’s result but also the Interest payments on the loan, which are up $3.5m.

I think Billabong need a “kick a” second half year, and I do read that the second half year has started better with January and February ahead of the prior year, but they will also need some of their saving initiatives starting to come in. Last year Billabong lost money in the second half year this year they need to make money otherwise the Full Year result for 2015/16 will slip back into a loss.

Sorry I'm trying to post a table of the 3 last Half Year's but don't seem to be able to do it yet