Billabong International reported a net profit after tax of A$76.2 ($49.58) million for the 2002-03 financial year. The result represents an increase of 24.9% on the previous year. Revenue was up 24% to A$623 ($405.3) million, with approximately 75% of turnover coming from outside Australia. EBITDA lifted 17.2% to A$125.3 ($81.5) million. Earnings per share were up 24.5% to A$0.381 ($0.247) per share.


FINANCIAL HIGHLIGHTS:

  • Increase in net profit after tax of 24.9% to A$76.2 ($49.58) million.
  • Revenue up 24% to A$623 ($405.3) million.
  • EBITDA up 17.2% to A$125.3 ($81.5) million (improving from 14% in the first half).
  • EPS up 24.5% to A$0.381 ($0.247) per share.
  • Full-year dividend A$0.235 ($0.153) per share (up from A$0.19 ($0.124) per share last year).
  • Revenue growth in the US region up 48% in local currency.
  • Revenue growth in Europe up 27%.
  • Revenue growth in Australasia up 21% in second half (up 9% full year).
  • The result sits within the forecast target range;
  • Now one of the most international of Australian companies with 70% of profit generated offshore;
  • Third consecutive year of 20% – plus EPS growth. One of only eight of the top 300 ASX-listed companies have achieved EPS growth of more than 20% a year over each of the past three years.