Embattled surfwear company Billabong International Limited
(ASX:BBG) has returned to profit in FY15 posting a $4.15 million net profit after a loss of $233 million last year.
CEO Neil Fiske says the company is back to doing what it does best – building great global brands.
The profit gains were helped along by growth in the US and Europe which are the brands key markets.
Global earnings (EBITDA) on continuing businesses were up 8.8 per cent on last year.
No dividend has been declared.
