Surfstitch forges ahead

Company News


Surfstitch Group Limited (ASX:SRF) says that it will be undergoing some changes despite double digit growth across all its markets. 
 
The online surf retailer will rebrand all ecommerce business to a single global brand and centralise a common platform. 
 
The company says the integration of acquisitions has been slower than anticipated since the surprise departure of CEO Justin Cameron and forecast full year earnings of between $2-3million. 
 
Surfstitch added that it had still not received any communication from either Mr Cameron or any private equity firm regarding offers for acquisition. 
 
Surfstitch reported a net profit of $368,000 for the six months to the end of December 2015.

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